Mythical Games, a Los Angeles, CA-based gaming technology studio, raised $150m in Series C financing.
The round, which brings valuation to $1.25 billion and total raised to over $270m, was led by Andreessen Horowitz with participation from D1 Capital, RedBird Capital, and The Raine Group, as well as crypto exchanges Binance and FTX, 32 Equity, The Chainsmokers’ Mantis VC, Ryan Tedder, OneTeam Partners, Jonathan Kraft, The Kraft Group, Michael Gordon, Michael Jordan, Curtis Polk, and existing investors Galaxy Interactive, WestCap, 01 Advisors, Javelin Partners, Struck Capital, Alumni Ventures and Signum Growth Investments.
The company intends to use the funds to continue growing its team and scaling out operations as it funds future games and brings new game developers to the platform.
Led by John Linden, co-founder and CEO, Mythical Games is a next-generation games technology company creating a universal gaming ecosystem by leveraging blockchain technology and playable NFTs for tools that enable players, creators, artists, brands and game developers to become stakeholders and owners in new play-to-earn game economies.
The first developer partners to the platform, Creative Mobile, CCG Lab and Abstraction Games, were announced earlier this week.
The company has more than 150 employees and is continuing to hire for select roles on its game, marketing, Platform and Marketplace teams.