October 23, 2024
Party Icons, a mobile-first gaming platform offering three fully playable modes, has successfully raised $9 million in a seed funding round led by BITKRAFT Ventures. This latest investment brings the company's total funding to $20 million. Despite the current challenges facing the gaming market, this significant financial backing highlights the confidence investors have in Party Icons' vision to reshape the gaming experience through innovative gameplay design and a unique "Party-as-a-Service" model.
Founded with the ambition to merge the social dynamics of party games with the adrenaline of extraction shooters, Party Icons aims to create a vibrant gaming ecosystem. The newly acquired funds will enhance the development of its gaming and social experiences, as well as strengthen its Web3 infrastructure. BITKRAFT Ventures, known for its investments in blockchain gaming, leads this initiative, demonstrating continued interest in the potential of Web3 gaming despite the industry's fluctuating fortunes. Other notable participants in this round include IDG Capital and The Sandbox co-founder Sebastien Borget.
Financial highlights of the recent funding round underscore the strategic direction Party Icons is taking. With a focus on shorter gaming sessions—most lasting under 12 minutes—the platform caters to contemporary gaming habits and the growing demand for "bite-sized" entertainment. This funding marks a pivotal moment for Party Icons as it seeks to engage a broader audience and elevate the gaming experience, establishing itself as a prominent player in the evolving landscape of mobile gaming.
About Party Icons
Party Icons is a pioneering mobile gaming platform designed to offer immersive and interactive gaming experiences through three distinct modes. Launched with a vision to combine the social aspects of party games with the excitement of extraction shooters, Party Icons aims to cater to modern gaming preferences by keeping sessions concise and engaging. The platform emphasizes socialization alongside gameplay, creating a unique environment for players to enjoy both gaming and social interactions.
Website: https://www.partyicons.com/home
X: @PartyIconsOGX
About Investor
BITKRAFT Ventures
BITKRAFT Ventures, founded in 2015, is a leading venture capital firm based in Berlin, Germany, specializing in investments across the gaming and esports sectors, with a strong focus on blockchain technology. The firm aims to empower innovative startups that are shaping the future of gaming.
Location: Berlin, New York, Los Angeles
Website: https://www.bitkraft.vc/
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