Crypto Gaming Company Immutable Raises $15M USD In Series A Funding

News | September 24, 2019 By:

Crypto gaming company Immutable has raised $15 million in a Series A funding round led by Naspers Ventures and and Galaxy Digital EOS VC Fund. The round also saw participation from Apex Capital Partners.

Based in Australia, Immutable is a company that builds video games with player-owned assets. The company’s Immutable Platform, which uses blockchain technology, aims to bring transparency to the opaque world of in-game economies and provide gamers with true digital property rights. They are showcasing these advancements through Gods Unchained, a play-to-earn, AAA trading card game.

The Immutable team said that they will use the funds to accelerate the development of Gods Unchained and build out the Immutable Platform.

“We’re building foundational products and technology to make true ownership of digital objects a new normal,” said James Ferguson, CEO of Immutable. “This round of financing helps us accelerate the speed and direction by which we approach that reality. One acceptance criteria for investors was ensuring they shared our passion and vision for the future. Not only do our new partners exceed these expectations, but they just so happen to be the best in the world at what they do across our relevant domains. Needless to say, we couldn’t be happier.”

Sam Englebardt, Co-Founder and Co-Head of Principal Investments at Galaxy Digital, said that true ownership of digital objects reflects the next paradigm for interactive content by aligning the long-term incentives of publishers, developers, creators, and players.

“We’re investing broadly in the studios that are best executing on this vision across a variety of video game genres and Gods Unchained is in a class by itself amongst trading card games,” said Englebardt, Co-Founder and Co-Head of Principal Investments at Galaxy Digital, said that true ownership of digital objects reflec. “We’re thrilled to be partnering with Immutable.”