Mythical joined the Unicorn Club on November 4, 2021, after raising a $150 million Series C funding round led by Andreessen Horowitz (a16z), valuing it at $1.25 billion. Headquartered in Los Angeles, California, United States, Mythical builds blockchain-based video games that blend traditional gameplay with player-owned economies. The company has raised $317 million to date and employs 91 people (as of December 2023).
Keep reading to learn how Mythical is transforming digital gaming through blockchain technology and player-centric economies.
What Is Mythical and What Does It Do?
Founded in 2018, Mythical develops blockchain-based video games that empower players to own, trade, and manage in-game digital assets. Its flagship title, NFL Rivals, is a mobile football game featuring collectible and tradable digital player cards, available on both the App Store and Google Play Store. The company’s platform integrates Web3 technologies into gaming while maintaining a frictionless user experience for mainstream audiences.
Mythical’s vision is to bring blockchain gaming to the masses by combining engaging gameplay with decentralized ownership, enabling users to benefit from the value they create in virtual worlds.
How Much Funding Has Mythical Raised?
1. Series C
- Amount Raised: $150M
- Date: November 4, 2021
- Lead Investor: Andreessen Horowitz (a16z)
- Valuation: $1.25B
- Purpose: Expand blockchain gaming portfolio, enhance digital asset marketplace, and grow user base.
2. Series C Extension
- Amount Raised: $37M
- Date: June 27, 2023
- Lead Investor: Scytale Digital
- Purpose: Accelerate ecosystem growth, strengthen partnerships, and develop cross-platform game titles.
3. Earlier Rounds (Seed to Series B)
- Cumulative Funding: $130M
- Key Investors: D1 Capital Partners, ARK Investment Management, and Binance Labs
- Purpose: Develop foundational blockchain infrastructure and launch early gaming titles integrating NFTs.
Total Funding Raised: $317M
Latest Funding Date: June 27, 2023
Latest Valuation: $1.25B
Employee Count: 91 (as of December 31, 2023)
Key Investors
1. Andreessen Horowitz (a16z)
- Details: Leading venture capital firm investing in disruptive technology and blockchain-based ecosystems.
- Focus Areas: Web3 gaming, blockchain infrastructure, and digital economies.
2. ARK Investment Management
- Details: Innovation-focused asset management firm led by Cathie Wood.
- Focus Areas: Emerging technologies, including AI, blockchain, and gaming ecosystems.
3. D1 Capital Partners
- Details: Global investment firm supporting high-growth technology and digital entertainment companies.
- Focus Areas: Gaming, fintech, and blockchain-enabled digital experiences.
Where Is Mythical’s Headquarters?
Mythical is headquartered in Los Angeles, California, United States. The location serves as its innovation and development hub, focusing on blockchain integration, game design, and platform expansion for digital ownership models in the gaming industry.
What’s Next for Mythical?
Mythical plans to expand its suite of blockchain-based games while building a sustainable digital asset marketplace. The company is developing new titles and partnerships that further blur the line between traditional gaming and digital asset ownership. By combining AAA-quality gameplay with Web3 infrastructure, Mythical aims to drive mainstream adoption of blockchain gaming globally.
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