Mythical Games, a Web3 video game company, closed a $37 million Series C1 investment round led by Scytale Digital.
Other participants in this round are ARK Invest, Animoca Brands, PROOF, Stanford Athletics and MoonPay, as well as existing investors Andreessen Horowitz, WestCap, Gaingels, Signum Growth and Struck Capital.
In 2021, the company raised $150 million to debut its Blankos Block Party multiplayer game with non-fungible tokens, as well as a platform for creating such applications, thus valuing the startup at $1.25 billion.
It was reported in January 2023 that Mythical Games was deliberating on raising an additional $50 million.
This new funding will be used to expand the scope of their games and reach more audiences.
Improving its financial health, CEO John Linden noted:
“We have a network, a market, we have games, and we think we have a good strategy to turn the company into a profit. As soon as we do that, the project will move on to the big round of Series D, which is certainly a massive growth stage.”
