Fenix Games raises $150 million to finance blockchain games

The publisher of Web3-games Fenix Games raised $150 million in its new fund for the acquisition, financial backing, and distribution of blockchain games. VentureBeat reports this via VentureBeat.

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Investors in the platform’s funding round were Phoenix Group and Cypher Capital.

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\”You can think of us as a venture fund. … The market is like early mobile games, but has not yet found its own Clash of Clans among blockchain games,\” said co-founder and CEO Chris Ko.

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The platform intends to support existing projects as well as fund new ones, he added.

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Ko previously served as senior vice president of corporate development at Mythical Games. In November 2021, the company raised $150 million from Andreessen Horowitz and other investors at a $1.25 billion valuation.

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In October 2022, the gaming blockchain platform Stardust closed a Series A round for $30 million.

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In the same month, the Canadian developer Horizon Blockchain Games raised $40 million from Brevan Howard Digital and Morgan Creek Digital.

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