Total amount raised
$910 Millions
Latest funding date
11/1/2021
Location
Forte has successfully raised significant funding through multiple rounds, with its latest being a Series B. The platform specializes in on-chain compliance and economic tools for blockchain projects.
Keep reading to explore the intricacies of Forte's fundraising journey and the investors backing this innovative platform.
What Is Forte?
Forte, founded in February 2019, is based in San Francisco, California. The company specializes in economic technology for games, focusing on secure and compliant blockchain solutions.
Forte's platform enables the creation of rich token economies, aligning the interests of game developers and players. The company was founded by Brett Seyler, Josh Williams, Kevin Chou, and Mahesh Vellanki.
With a team of 11-50 employees, Forte continues to innovate in the blockchain space, providing tools that support the emergence of community-driven game economies.
How Much Funding Has Forte Raised?
- Seed Round
- Amount Raised: Not publicly disclosed
- Date: March 2019
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To kickstart the development of Forte's blockchain solutions for game publishers.
- Seed Round
- Amount Raised: Not publicly disclosed
- Date: October 2019
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further develop and refine Forte's platform.
- Series A
- Amount Raised: $185M
- Date: May 2021
- Lead Investors: Griffin Gaming Partners
- Valuation at Round: $1 billion
- Motivation Behind the Round: To support the initial growth and development of Forte's blockchain solutions for game publishers.
- Series B
- Amount Raised: $725M
- Date: November 2021
- Lead Investors: Sea Capital and Kora Management
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand services and onboard more game publishers.
Total amount raised: $910M. Current valuation: Not publicly disclosed.
Key Investors
- Kora
- Details: Kora is a global investment firm that focuses on high-growth companies in emerging markets. They co-led Forte's Series B funding round.
- Investment Focus Areas: Technology, financial services, consumer sectors.
- Notable Investments: Not publicly disclosed.
- Griffin Gaming Partners
- Details: Griffin Gaming Partners is a venture capital firm specializing in the gaming industry. They led Forte's Series A funding round.
- Investment Focus Areas: Gaming, interactive entertainment, media.
- Notable Investments: Not publicly disclosed.
- Andreessen Horowitz (a16z)
- Details: Andreessen Horowitz is a prominent venture capital firm known for investing in technology companies. They participated in Forte's Series B funding round.
- Investment Focus Areas: Technology, blockchain, crypto.
- Notable Investments: Facebook, Airbnb, Coinbase.
- Tiger Global
- Details: Tiger Global is a global investment firm that invests in private and public companies. They participated in Forte's Series B funding round.
- Investment Focus Areas: Technology, internet, software.
- Notable Investments: Facebook, LinkedIn, Spotify.
- Animoca Brands
- Details: Animoca Brands specializes in digital entertainment, blockchain, and gamification. They participated in Forte's Series B funding round.
- Investment Focus Areas: Digital entertainment, blockchain, gamification.
- Notable Investments: The Sandbox, Axie Infinity, OpenSea.
What's Next for Forte?
Forte stands at the cusp of a significant opportunity, with the potential to revolutionize the gaming industry through blockchain technology. The platform's ability to integrate features like NFT minting and payment rails into games opens up vast possibilities for game developers and players alike. With over 40 game developer partners and nearly 20 million monthly active users, the scope for growth is immense.
Future fundraising seems promising, given the substantial interest in blockchain gaming. The $725 million raised in the Series B round is a testament to the confidence investors have in Forte's vision. However, transitioning from private testing to full-scale operations on public blockchains presents challenges. Ensuring seamless integration for developers and users will be crucial in maintaining their competitive edge.
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