Mythical Games, a Sherman Oaks, CA-based gaming studio, raised $37m as part of its Series C1.
The round was led by Scytale Digital, with participation from ARK Invest, Animoca Brands, PROOF, Stanford Athletics, MoonPay, existing investors Andreessen Horowitz, Gaingels, Signum Growth, Struck Capital, and WestCap.
The full round is expected to close later this year with an additional $20-30 million raise, with a few additional investors and several strategic partners that are in discussion.
The funds will primarily be used to scale its games and infrastructure to a larger mainstream audience and to achieve profitability within 12 months.
Led by John Linden, CEO, Mythical Games is a games technology company creating a web3 gaming ecosystem by leveraging blockchain technology and playable NFTs for tools that enable players, creators, artists, brands and game developers to become stakeholders and owners in new “play and own” game economies.
The platform protects gamers that may be new to blockchain through a custodial wallet for their digital items, while allowing advanced players the freedom to link their own wallets via bridges between the Mythical Chain and public mainnets.
Through its chain, marketplace technology, and games, Mythical has seen an influx of more than 2.5m new users and north of $1 million in gross sales per day in the last year.
FinSMEs
27/06/2023