PortalOne, a Los Angeles, CA-based hybrid games platform, raised $60m in Series A funding round.
The round was led by Tiger Global with participation from TQ Ventures, Schuster Tanger, Andrew Marks, Temasek, Avenir Growth, Connect Ventures, Animoca Brands, Access Industries, Nordstar, Socii Capital, Founders Fund, Coatue, Talis Capital, Rogue Capital Partners and SNÖ Ventures, Matt Cohler, Aleksander Larsern, Julius Genachowski, and Rishi Garg.
The company intends to use the funds to enable rapid expansion of content production for its hybrid games platform.
Founded in 2018 by brothers Stig Olav Kasin and Bård Anders Kasin, PortalOne is a hybrid games platform, launching a whole new category of interactive entertainment that embeds live shows into games. The platform’s first format is PortalOne Arcade, a retro-inspired universe that immerses the show’s guests inside original PortalOne games as well as into contemporary and “super-sized” classic games. This enables users to compete directly against a show’s guests right from their mobile phones. The company is also building its own proprietary technology to enable third-party creators to create content on its platform, and has already entered into a strategic partnership with ARRI, the global market leader in camera and lighting technology.
PortalOne recently established its U.S. production studio in Los Angeles and is set to grow its team in both the U.S. and in Norway. The company launched its US/Canada closed beta in August 2021, and the waitlist is now open for test users at PortalOne.com. The company aims for full launch in the first half of 2022.
It is US-based with a subsidiary in Oslo, Norway.
FinSMEs
27/01/2022