Sonic raised $12 million in a Series A funding round led by Bitkraft Ventures, bringing its total funding to $16 million at a $100 million fully diluted valuation.
Sonic raised $12 million in a Series A funding round led by Bitkraft Ventures, bringing its total funding to $16 million at a $100 million fully diluted valuation.
06/18/24, 1:20 PM
Location
san franciscoMoney raised
$12 million
Industry
video games
gaming
Round Type
series a
Investors
Big Brain Holdings, Galaxy Interactive, Bitkraft Ventures
Sonic, a Solana Layer 2 network focused on gaming, has closed a Series A funding round, raising $12 million in equity with token warrants. Bitkraft Ventures led the round, with participation from Galaxy Interactive, Big Brain Holdings, and others, bringing Sonic's total funding to $16 million at a fully diluted valuation of $100 million. As part of the deal, Bitkraft has joined Sonic's board.
Company Info
Location
san francisco, california, united states
Additional Info
Sonic is the first Solana Based Gaming Chain created with SVM HyperGrid. It offers full compatibility with EVM Smart Contracts and provides a Native Game Engine, aiming to onboard numerous games and players into the Solana Gaming Ecosystem.
Mirror World Introduces Sonic, with its primary goal being to foster the development of games and developers within the Sonic ecosystem. The core functions of Mirror World include providing a development platform for game developers, offering traffic support and effective marketing strategies, and providing funding support for game studios.