Triumph, a San Francisco, CA-based plug-and-play solution that helps game developers monetize through skill-based real money tournaments, raised $14.1m in total funding.
This included a $10.2m Series A led by General Catalyst with participation from Heroic Ventures, Hanover Technology Investment Management, SteelPerlot, RavenOne, Box Group, Great Oaks, NOMO, Strike, and Valhalla Ventures, with the prior seed led by Ari Stiegler at Flux Capital.
The company intends to use the funds to expand to additional platforms beyond mobile and will offer novel real money experiences.
Led by Jacob Brooks, and Jared Geller, Triumph provides a plug-and-play payments and compliance engine that makes skill-based real money tournaments a viable way for developers to monetize their games. Its compliance and payments stack handles KYC, payments processing, gaming law and privacy compliance, anti-fraud, accounting, and player skill matchmaking, ensuring full legal compliance while shielding developers from exposure to the complexities surrounding real money offerings.
Currently operating in 37 states and Washington D.C., the company will continue expanding to serve players in more jurisdictions as the legal landscape evolves. To support scaled operations, Triumph has made key hires including Jamin Horn as General Counsel; Bennie Huang as Head of Engineering; and Bruce Yang as Head of Product.
FinSMEs
10/05/2023