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Forte Raises $185M Series A At $1B Valuation Led By Griffin Gaming Partners

May 20, 2021•about 4 years ago

Amount Raised

$185 Million

Round Type

series a

San Francisco

Description

Forte, an organization building a blockchain-based economic platform for video games, today announced it has raised $185M in Series A funding led by Griffin Gaming Partners. New and existing investors including Union Grove Venture Partners, Andreessen Horowitz, Battery Ventures, and Canaan also participated in the round. The Series A funding values the organization at $1B. The funds will be used to accelerate the development of its end-to-end blockchain platform, which lets developers create fungible and non-fungible tokens (NFTs), and build scalable token-based game economies.

Company Information

Company

Forte

Location

San Francisco, California, United States

About

Forte is building economic technology for games. Its end-to-end platform enables the emergence of community economics, a system where the interests of game developers and players are aligned, leading to healthier, sustainable game communities. The team is composed of longtime industry members (Unity, ngmoco, Riot Games, Electronic Arts, Sony, and Rockstar Games, among others), and is currently working with over 40+ acclaimed game developers from across the industry to reimagine the economics of games. www.forte.io

Funding Insights

Based on industry data
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech