Mythical Games completes $37 million Series C1 financing, led by Scytale Digital, with participation from ARK Invest and a16z.
2023-06-27 13:07
Odaily News: Web3 game development company Mythical Games has completed a $37 million Series C1 financing round. Scytale Digital led the round, with new investors ARK Invest, Animoca Brands, PROOF, Stanford Athletics, MoonPay, and existing investors a16z, WestCap, Gaingels, Signum Growth, and Struck Capital participating. CEO John Linden stated that the terms of this financing are similar to the Series C financing in 2021. In addition to expanding the scale of games and user base, Mythical Games plans to use this funding to achieve profitability.
Furthermore, Mythical Games plans to conclude this funding round with an additional $20-30 million later this year. The company raised $150 million in 2021 and an additional $50 million in January of this year, reaching a valuation of $1.25 billion.
Mythical Games' most popular games include NFL Rivals and Blankos Block Party, both of which were launched on the Epic Games Store in September 2022. Last year, the company attracted over 2.5 million new users and achieved daily sales of $1 million. (The Block)
Furthermore, Mythical Games plans to conclude this funding round with an additional $20-30 million later this year. The company raised $150 million in 2021 and an additional $50 million in January of this year, reaching a valuation of $1.25 billion.
Mythical Games' most popular games include NFL Rivals and Blankos Block Party, both of which were launched on the Epic Games Store in September 2022. Last year, the company attracted over 2.5 million new users and achieved daily sales of $1 million. (The Block)
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