MyPrize, an online crypto casino supporting multiplayer games, has emerged from stealth with $13 million in funding.
The funding was realized via two rounds and brought MyPrize's valuation to $140 million based on its fully diluted equity capitalization and the implied fully diluted value of warrants, the startup said Tuesday.
The two rounds were led by Dragonfly and Boxcars Ventures, respectively, and saw participation from a16z Scout, Mechanism Capital, Arrington Capital, Breed VC, JST Capital, 2 Punks Capital and others. Angel investors, including Pudgy Penguins' Luca Netz, Blockchain.com's Peter Smith, Sei Labs' Jeff Feng, Jack Entertainment's Steve Rosenthal, and Spencer Noon, also joined the rounds.
Before starting up MyPrize, Bruch co-founded the NFT platform Recur, which shut down last August, citing "unforeseen challenges and shifts in the business landscape." Recur raised $50 million at a $333 million valuation in a round led by Digital, a metaverse investment fund backed by billionaire Steve Cohen's family office.
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