Cypher Games Secures $30 Million to Propel Web3 Gaming Expansion
Cypher Games, a company making strides in the intersection of mobile and Web3 gaming, has recently closed a highly successful $30 million Series A funding round. This significant financial injection signals strong investor confidence in the company’s vision and potential within the rapidly evolving gaming landscape, particularly in Web3. The funding will primarily focus on the launch and scaling of their debut title, “Match Squad,” within the United States.
Investment Fuels Growth and “Match Squad” Launch
The oversubscribed Series A round, co-led by The Raine Group and Play Ventures, attracted considerable interest, with demand exceeding the available shares. This indicates substantial investor enthusiasm. Additional backing came from prominent institutions like MIT, E2VC, and Big Bets. This $30 million investment follows a $10 million seed round secured by Cypher in September 2024, bringing the company’s total funding to approximately $40 million. This capital will be strategically allocated to support the U.S. launch of “Match Squad,” Cypher’s flagship title. Additionally, a portion will be dedicated to expanding the Cypher Games team, focusing on critical areas like art, design, and engineering. These investments will be crucial as Cypher potentially explores expansion within the African market, capitalizing on the continent’s growing mobile gaming audience.
This strategic funding round positions Cypher Games for significant growth in the competitive Web3 gaming market. With a strong financial foundation and a clear roadmap for expansion, Cypher Games is poised to make a considerable impact in the coming years.
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