Total amount raised
$4.7 Millions
Latest funding date
8/1/2020
Location
Gamezop has successfully raised funding through multiple rounds, attracting a diverse group of investors including Boon Capital and FJ Labs. The platform offers a unique solution for publishers to integrate HTML5 games into their websites and apps, generating additional revenue through in-game advertisements.
Keep reading to explore the intricacies of Gamezop's fundraising journey and the investors backing this innovative platform.
What Is Gamezop?
Gamezop, founded in 2015 by Gaurav Agarwal and Yashash Agarwal, is based in Agra, Uttar Pradesh, India. The company specializes in developing HTML5 games that are device-agnostic and can be integrated into various platforms without the need for installation. With a team of 11-50 employees, Gamezop leverages a distribution network of messengers, browsers, entertainment apps, telecom operators, and gaming websites to publish its games.
How Much Funding Has Gamezop Raised?
- Pre-Seed Round
- Amount Raised: Not publicly disclosed
- Date: May 2015
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: Initial funding to develop the platform and establish the business.
- Seed Round
- Amount Raised: $350K
- Date: February 2016
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To develop the platform and establish initial partnerships.
- Series A
- Amount Raised: $4.2M
- Date: August 2020
- Lead Investors: BITKRAFT Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To grow the mobile esports format and establish a presence in select overseas markets.
- Venture Round
- Amount Raised: Not publicly disclosed
- Date: January 2021
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: Likely aimed at expanding game development capabilities and scaling the platform.
Total Amount Raised: $4.55M. Current Valuation: Not publicly disclosed.
Key Investors
- BITKRAFT Ventures
- Details: Founded in 2017 by esports legend Jens Hilgers, BITKRAFT Ventures is a global early-stage investment platform. The firm has offices in Berlin, Los Angeles, San Francisco, New York, and London.
- Investment Focus Areas: Gaming, esports, interactive media
- Notable Investments: Epic Games
- Velo Partners
- Details: Velo Partners is a global real-money gaming fund. They have been early backers of platforms like Adda52 and Junglee Rummy.
- Investment Focus Areas: Real-money gaming
- Notable Investments: Adda52, Junglee Rummy
- FJ Labs
- Details: FJ Labs is a New York-based investment firm. They focus on marketplaces and consumer-facing startups.
- Investment Focus Areas: Marketplaces, consumer-facing startups
- Notable Investments: Not publicly disclosed
- Boon Capital
- Details: Boon Capital is an investment firm known for backing innovative startups. They have a diverse portfolio across various sectors.
- Investment Focus Areas: Not publicly disclosed
- Notable Investments: Not publicly disclosed
- FJ Labs
- Details: FJ Labs is a New York-based investment firm. They focus on marketplaces and consumer-facing startups.
- Investment Focus Areas: Marketplaces, consumer-facing startups
- Notable Investments: Not publicly disclosed
What's Next for Gamezop?
Gamezop is poised to capitalize on the burgeoning mobile esports market, with plans to expand its presence in select overseas markets. Leveraging its extensive network of over 1,600 partner apps, the company aims to increase user engagement and revenue without significant user acquisition costs. The Indian mobile gaming market, projected to reach 628 million users, presents a substantial growth opportunity.
Future fundraising rounds are likely as Gamezop scales its mobile esports format and explores new gaming formats. However, the company will need to navigate a highly competitive landscape, regulatory challenges, and the complexities of international expansion to maintain its growth trajectory.
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