GameFi Platform Polemos Raises $14M In Seed Funding

Announcements, Blockchain, Investing, News | April 5, 2022 By:

Global GameFi platform and play-to-earn guild Polemos has closed a $14 million seed round at a $100 million fully-diluted valuation. Notable investors in the round include Delphi, QCP, Framework, Golden Tree, IOSG, LD Capital, the founders of COTI, Tokemak, Sushiswap, and Altered State Machine.

According to the company, the Polemos GameFi platform will be a world-first decentralized combination of a marketplace, guild, and college governed by a Polemos token that is being released for a public sale in Q1 2022.

The latest funding will be used to further develop Polemos’ proprietary tech platforms, which will facilitate the lodgement and leasing of NFTs, data analytics, and educational resources for scholars, as well as investment into new play-to-earn games and growth of the team.

“Polemos’ vision is to become one of the world’s leading DAOs and bring tens of millions of global digital Asset Providers and Gamers together inside a unified GameFi ecosystem,” said Sascha Zehe, co-founder of Polemos. “With the growth of our platform, we expect to soon see thousands of guild members playing the most popular play-to-earn games. By bridging esports and DeFi communities, we will revolutionize gaming and create opportunities that have never been seen before.”

“We are proud to have invested in Polemos in both the pre-seed and this latest round of funding,” said Yan Liberman, Managing Partner of Delphi Digital Ventures. “The opportunity in front of a GameFi DAO such as Polemos is astronomical, and we have strong confidence in their ability to build one of the most successful GameFi platforms globally.”

“We think blockchain gaming is going to be the largest top of funnel opportunity for onboarding new users into crypto, and the gaming guild model will play a huge role in shaping these new communities,” said Michael Anderson, Co-Founder of Framework Ventures. “In Web3, games are only as strong as their player base, and we believe Polemos will supercharge important games like Illuvium by participating in governance, increasing player access, and building competitive e-sports teams that will drive eyes and players towards these ecosystems.”