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MyPrize raised $13M in funding rounds led by Dragonfly and Boxcars Ventures, reaching a $140M valuation.

Mar 26, 2024•over 1 year ago

Amount Raised

$13 Million

MiamiBlockchainGaming

Investors

Spencer NoonSteve RosenthalJeff FengPeter SmithLuca Netz2 Punks CapitalJst CapitalBreed VcArrington CapitalMechanism CapitalA16z ScoutBoxcars VenturesDragonfly

Description

MyPrize, an online crypto casino supporting multiplayer games, emerged from stealth with $13 million in funding realized via two rounds, bringing the company's valuation to $140 million. The rounds were structured as equity with token warrants, and led by Dragonfly and Boxcars Ventures, with participation from a16z Scout, Mechanism Capital, Arrington Capital, Breed VC, JST Capital, 2 Punks Capital, and others. Angel investors also joined the rounds.

Company Information

Company

MyPrize

Location

Miami, Florida, United States

About

MyPrize is a trademark and brand of My Technology, Inc. MyPrize is an all-new online crypto casino enabling novel multiplayer experiences. MyPrize offers a unique platform where players can play directly alongside their favorite creators and friends, allowing them to play with broader communities for the first time. MyPrize transcends boundaries, and gives players and fans what they have been desperately craving, a unified open platform that combines the best of both online gaming and streaming. MyPrize is backed by world class investors across the casino, tech, and crypto industries. This makes MyPrize one of the first companies in the online casino industry with leading Silicon Valley investors.

Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech

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