Total amount raised
$4.7 Million
Latest funding date
8/1/2020
Location
Gamezop has successfully completed three funding rounds, with the latest being a Series A round led by BITKRAFT Ventures. The platform, which allows users to play games and win money without installing any app, has attracted a total of 12 investors, including recent backers FJ Labs and Boon Capital.
Keep reading to explore the intricacies of Gamezop's fundraising journey and the investors backing this innovative platform.
What Is Gamezop?
Gamezop is a dynamic platform that allows users to play games and win money without the need to install any app. Based in Agra, Uttar Pradesh, India, the company operates in the online gaming and advergaming industry. It has an employee count ranging from 11 to 50.
Founded in an unspecified year, Gamezop has successfully completed three funding rounds, with the latest being a Series A round. The platform is designed to increase user engagement and generate additional revenue for app and website owners by embedding HTML5 games into their products.
How Much Funding Has Gamezop Raised?
- Pre-Seed Round
- Amount Raised: Not publicly disclosed
- Date: May 2015
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: Initial capital to develop and launch the platform.
- Seed Round
- Amount Raised: USD 350,000
- Date: February 2016
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the business model and increase user acquisition.
- Series A Round
- Amount Raised: USD 4,200,000
- Date: August 2020
- Lead Investors: BITKRAFT Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To grow the mobile esports format and establish a presence in select overseas markets.
Total Amount Raised: USD 4,550,000. Current Valuation: Not publicly disclosed.
Key Investors
- BITKRAFT Ventures
- Details: Founded in 2017 by esports legend Jens Hilgers, BITKRAFT Ventures is a global early-stage investment platform. It has offices in Berlin, Los Angeles, San Francisco, New York, and London.
- Investment Focus Areas: Gaming, esports, interactive media
- Notable Investments: Epic Games
- FJ Labs
- Details: FJ Labs is a New York-based investment firm focusing on marketplaces and consumer-facing startups. It is known for its extensive portfolio of early-stage tech companies.
- Investment Focus Areas: Marketplaces, consumer-facing startups
- Notable Investments: Not publicly disclosed
- Boon Capital
- Details: Boon Capital is one of the recent investors in Gamezop. Specific details about the firm are not publicly disclosed.
- Investment Focus Areas: Not publicly disclosed
- Notable Investments: Not publicly disclosed
- Velo Partners
- Details: Velo Partners is a global real-money gaming fund. It is an early backer of platforms like Adda52 and Junglee Rummy.
- Investment Focus Areas: Real-money gaming
- Notable Investments: Adda52, Junglee Rummy
What's Next for Gamezop?
Gamezop is poised to capitalize on the burgeoning mobile esports market, with plans to expand its presence internationally. The company aims to leverage its partnerships with over 1,600 popular apps to drive user engagement and revenue without the need for costly user acquisition strategies. This expansion into new markets and formats presents a significant growth opportunity.
Future fundraising efforts are likely as Gamezop scales its operations and explores new gaming formats. The company may attract further investments from venture capital firms and strategic partners interested in the rapidly growing mobile gaming and esports sectors. However, challenges such as intense competition and regulatory hurdles in real-money gaming could pose obstacles along the way.
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