Startups Investment Recap – April 1st
Hello HYPE readers!
Welcome to your bi-weekly recap where we come to you with all the green goodness in the startup investment sector. Let’s dive in.
Tribe Gaming Closed a seed round of over $1M
Mobile-centric esports organisation Tribe Gaming has closed its seed funding round, raising over $1 million. The round included Boston Celtics player Gordon Hayward and WWE pro wrestler Claudio “Cesaro” Castagnoli as investors. The funds will help fuel Tribe Gaming’s expansion plans ahead, including a headquarters and content creation lab in Austin, Texas.
Simplicity Esports raises $500,000
Simplicity Esports and Gaming Company, which owns and manages several esports teams including Flamengo Esports, has secured a $500,000 investment from Triton Funds, a student-run fund manager in the USA. The funds secured through Triton’s investment will serve as working capital to support Simplicity Esports’ goals, including “broadening its offering of competitive events”, and to help the company become cash positive.
Horizon Blockchain Games raises $5M
Horizon Blockchain Games is using blockchain technology to shift up the idea of ownership in games, and they’ve raised another $5 million to get it done. The new funds are added as an extension to a $3.75M seed round they raised last year. The round is led by returning investors Initialized Capital, and backed by Golden Ventures, DCG, Polychain, CMT Digital, Regah Ventures and ConsenSys. The company is pursuing two routes in parallel, building an Ethereum-powered platform called Arcadeum to determine in-game ownership, and building out its own game – a digital trading card game called SkyWeaver.
Robin Games raises $7 million in seed funding
Robin Games, a startup working to create a new niche in mobile entertainment they are calling “lifestyle gaming”, raises $7 million in seed funding. The round was led by early-stage fund LVP, which has invested in other game companies, and included 1Up Ventures, Alpha Edison, Everblue Management, firstminute Capital, Greycroft Tracker Fund, Hearst Ventures, and Third Kind Venture Capital as additional investors. While the company isn’t yet announcing its first titles or specific details, like launch dates, the games are said to cover content you’d typically find in a lifestyle magazine or on an Instagram influencer’s profile for example.
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