MyPrize Closes Funding Rounds, Enjoys Enterprise Value Soar to $140M

The first online crypto casino, promising to revolutionize the gambling industry thanks to multiplayer capabilities, MyPrize, is preparing to launch its platform and technology this spring. Ahead of the launch, the company confirmed it completed two funding rounds, raising some $13 million. Thanks to the recently completed funding rounds, MyPrize’s enterprise value soared to a whopping $140 million. The increase in enterprise value positioned the company as the most valuable venture-backed online social casino pre-launch.

Despite the wide range of online gambling activities, isolation remains a key challenge for the iGaming vertical. This is precisely the issue MyPrize seeks to address as the company will offer a unified, open platform that promises the best experiences for streaming and gaming. Ultimately, the platform changes the way players can engage and interact with friends and streamers, allowing them even to play online games together.

The company was founded by gaming industry experts Zach Bruch, Paul Martin, Max Bruch and James Seibel. Currently, MyPrize is backed by recognizable Silicon Valley venture capital firms, as well as renowned companies in the crypto, entertainment and technology sectors.

The two recent rounds for MyPrize were led by Dragonfly and Boxcars Ventures. Blockchain.com’s founder and CEO, Peter Smith, Pudgy Penguins’ CEO, Luca Netz, as well as Mechanism Capital and Arrington Capital, participated in the funding rounds. The two venture financing rounds were also joined by Breed VC, JST Capital and Jack Entertainment’s co-founder, Steve Rosenthal, among others.

Multiplayer Activities to Offer Unrivaled Experiences

Zach Bruch, MyPrize’s CEO and founder, revealed that the company plans to revolutionize the iGaming sector by changing it from a single-player to a multiplayer experience. “We are bringing a major shift to the online social casino industry, by offering a truly immersive and community-driven experience that’s really never been possible before,” he added. Bruch acknowledged the importance of the company’s dedicated team of experts and the support of its investors, predicting that MyPrize will revolutionize online social gaming.

“MyPrize takes all of the fun of the existing single-player online gaming market and makes it multiplayer.“

Zach Bruch, founder and CEO at MyPrize

Rob Hadick, Dragonfly’s general partner, was just as excited about the latest announcement. He said that Dragonfly is looking forward to the launch of the platform that would bring together the best of streaming and gaming. “We believe the potential of this category is just starting to become clear and we are excited about the explosive growth MyPrize will enable at the intersection of iGaming, crypto, and the creator economy,” explained Hadick in conclusion.