- Funding round led by crypto asset manager Scytale Digital
- The startup raised $150 million in November 2021
- In total, Mythical Games managed to receive $297 million in investments.
The next generation gaming technology studio, Mythical Games, was able to attract $37 million investment in the first part of the extended series C funding round. The lead investor was Scytale Digital, with the participation of well-known funds such as ARK Invest, Andreessen Horowitz, Animoca Brands, WestCap, Struck Capital, Gaingels, MoonPay.
In total, the company has raised $297 million. Since 2018, Mythical Games has completed 5 rounds of funding, the last one in November 2021. At the time, the firm received a $150 million investment from a16z, and the valuation was $1.25 billion. Mythical Games plans to raise another $20 million to $30 million in additional capital.
The co-founder and CEO of the company, John Linden, stated:
“Our priority for 2023 is to further optimize the business and generate profits. The funds will be used primarily to achieve this goal, through platform upgrades, infrastructure development and improvement, and the development and launch of new games that are already under development.”
Mythical Games is famous for its Mythical Chain blockchain system and Mythical Marketplace gaming ecosystem, as well as popular blockchain games NFL Rivals and Blankos Block Party. Just last week, just two months after their launch, NFL Rivals had over 1 million downloads. Also at the end of June, Mythical Games plans to release the Nitro Nation World Tour game.