Stacked, a Los Angeles, CA-based provider of a web3 video and livestreaming platform, raised US$12.9M in Series A funding.
The round was led by Pantera Capital, with participation from GFR Fund, Z Venture Capital, Alexandr Wang, Eddy Lu, and Carl Pei.
The company intends to use the funds to invest in marketing, content acquisition, and talent recruitment. With an initial userbase in North America, Stacked plans to expand its userbase into Latin America, India, and Southeast Asia, tapping into the respective regions’ mobile-driven demographics.
Founded in March 2021 and led by Alex Lin, Stacked is a web3 video and livestreaming platform owned and operated by its community. The company is building features and its business model around creators to keep more of what they earn by rewarding with a governance token based on various performance metrics. In the future, creators can further monetize their content using tokenized assets to engage with their fanbases.
With Stacked, streamers can stream traditional gaming content, host their own watch parties, chat with their fans, or host any kind of lifestyle content—all on a mobile device or desktop.
The company also recently launched Valhalla, a utility-enabled NFT collection for gaming and streetwear enthusiasts, that will play a key role in the broader Stacked ecosystem.
FinSMEs
31/08/2022