MyPrize Secures $21M from Investors, Eyes Further Growth

Social casino specialist MyPrize has closed its latest funding round, securing millions. The money will help the company bolster its growth efforts and improve its platform.

MyPrize Closes $21M Funding Round at a Valuation Cap of $250M

MyPrize, which launched in 2024, has just closed its latest funding round, securing $21 million from its investors. With previous investments in mind, the company has now secured some $38 million in funding. The round included investments from some of MyPrize’s staunchest allies, including Dragonfly and Boxcars Ventures.

MyPrize, which specializes in free-to-play social games in the US and crypto gaming elsewhere, adds a multiplayer aspect to gaming, allowing users to play together. By engaging with MyPrize’s social gaming products, players can compete with their favorite content creators, or simply enjoy gaming with friends.

The brainchild of Zach Bruch, MyPrize plans to use the strategic funding to bolster its growth, upgrade its tech platform, and attract more creators. The company’s goal is to provide cutting-edge experiences that its fans and content creators cannot find anywhere else.

With an extra $21 million, MyPrize will also be able to expand geographically and channel more players toward its platform.

MyPrize’s model has proven to be a resounding success, with the company generating millions in revenue. Now boasting over 500K players, the company hopes to achieve profitability by the end of the year.

The Next Phase of Growth is On

CEO Bruch commented on the growth of MyPrize, saying that it proves that social gaming has “fully arrived” in America. He attributed his team’s success to the huge demand for social gaming products that allow players to engage with friends and content creators. He added that the nature of entertainment has “fundamentally changed.”   

As users embrace this new frontier, MyPrize is ushering in the golden age of online entertainment, powered by our proprietary AI retention and engagement platform and best-in-class player and creator experience.

Zach Bruch, CEO, MyPrize

Bruch concluded that the latest fundraise will unlock the next phase of MyPrize’s “exponential growth curve” and will open the MyPrize platform to many new creators, celebrities and players in new makers.