Gamezop has successfully raised significant funding through multiple rounds, establishing itself as a notable player in the online gaming integration space. The platform enables publishers to seamlessly add HTML5 games to their websites or apps, generating additional revenue through ad monetization.
Keep reading to delve into the details of Gamezop's funding journey and discover the investors who are backing this innovative platform.
What Is Gamezop?
Gamezop, founded in 2015, is headquartered in New Delhi, India. The platform allows seamless integration of HTML5 games into websites and apps, enhancing user engagement and generating additional revenue through ad monetization.
Founded by Gaurav Agarwal and Yashash Agarwal, Gamezop has quickly become a notable player in the online gaming integration space. The company operates under Advergame Technologies Pvt. Ltd. (ATPL).
With a dedicated team of around 50 employees, Gamezop continues to innovate and expand its offerings, making it easier for publishers to add engaging games to their platforms.
How Much Funding Has Gamezop Raised?
- Seed Funding Round
- Amount Raised: $350,000
- Date: February 2016
- Lead Investors: Kwan, Anand Chandrasekaran, Phanindra Sama, Powerhouse Ventures, Vinay Menon, Tracxn, AECAL
- Motivation Behind the Round: To build up technology, establish distribution alliances, and enhance talent acquisition.
- Series A Funding Round
- Amount Raised: Rs 32 crores ($4.3 million)
- Date: August 2020
- Lead Investors: BITKRAFT Ventures, Velo Partners, FJ Labs
- Motivation Behind the Round: To grow the mobile esports format, establish a presence in select overseas markets, and explore other gaming formats.
Total Amount Raised: $4.65 million
Current Valuation: (~estimated)
Key Investors
- BITKRAFT Ventures
- Details: BITKRAFT Ventures is an esports fund started by Germany-based serial entrepreneur Jens Hilgers in 2017. The firm focuses on early and mid-stage investments in the gaming and esports sectors.
- Investment Focus Areas: Esports, gaming, interactive media
- Notable Investments: Epic Games, H4X, PlayVS
- Velo Partners
- Details: Velo Partners is a global real money gaming fund. They have been early backers of several successful gaming platforms.
- Investment Focus Areas: Real money gaming, online casinos, gaming technology
- Notable Investments: Adda52, Junglee Rummy, Gamezop
- FJ Labs
- Details: FJ Labs is a venture capital firm that invests in early-stage technology startups. They have a broad portfolio across various sectors.
- Investment Focus Areas: Marketplaces, e-commerce, gaming
- Notable Investments: Alibaba, Betterment, Delivery Hero
- Kwan
- Details: Kwan is a talent management firm that helps consumers find engaging content and products. They have a strong presence in the entertainment industry.
- Investment Focus Areas: Content, entertainment, media
- Notable Investments: Not specified
- Powerhouse Ventures
- Details: Powerhouse Ventures is a US-based venture capital firm that focuses on early-stage technology startups. They provide strategic support to their portfolio companies.
- Investment Focus Areas: Technology, innovation, startups
- Notable Investments: Not specified
What's Next for Gamezop?
Gamezop is poised to capitalize on the burgeoning mobile esports market and expand its presence in select overseas markets. With a user base of 34 million monthly active users, the company aims to integrate into 5,000 apps by 2021, potentially growing its revenue five to six times in the next year.
Future fundraising opportunities seem promising, given the backing of global esports-focused funds like BITKRAFT Ventures and Velo Partners. This support positions Gamezop well for additional investment rounds to fuel further expansion and scaling.
However, challenges such as maintaining user engagement in a competitive market and navigating regulatory environments in different international markets could pose hurdles. Scaling operations and technology to support a larger user base and more partner apps will also be crucial for sustained growth.
Use Clay to Get Funding Data
Sales professionals, take advantage of Clay's platform to access comprehensive fundraising data on companies like Gamezop and gather other critical business insights.
Sign up for free on Clay and start leveraging these powerful tools today.
