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