US blockchain platform and sport writer Legendary Video games has introduced new funding.
It’s raised $37 million in what it’s calling its Sequence C1 spherical. The spherical is just not but closed with the corporate hoping so as to add as much as $30 million in funding from VCs and strategic companions with who it’s nonetheless negotiating.
This funding takes Legendary’s whole funding to round $300 million. The corporate says it’s additionally maintained a $1 billion valuation.
It beforehand raised $150 million in its Sequence C spherical at a $1.25 billion valuation which was led by a16z in November 2021, whereas additionally asserting a $20 million funding from Scytale Digital in April 2023 when it dedicated to maneuver its Mythos chain to Polkadot.
Studying between the strains, this latter $20 million quantity is included inside the newly said $37 million as Scytale Digital are main the C1, with new buyers together with ARK Make investments, Animoca Manufacturers, PROOF, Stanford Athletics and MoonPay.
Current buyers a16z, Gaingels, Signum Progress, Struck Capital and WestCap additionally participated.
Considerably, Legendary Video games states it expects to make use of these funds to realize profitability over the following 12 months. Thanks primarily to its acquisition of CS:GO pores and skin market DMarket, Legendary is now producing greater than $1 million of product sales and has onboarded 2.5 million new customers to present it a complete attain of over 20 million registered accounts.
It’s additionally simply launched cell sport NFL Rivals and is within the strategy of launching a lot anticipated cell racer Nitro Nations: World Tour.
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