Aditya Hadi Pratama · · 1 min readSea Capital co-leads $725m round of blockchain gaming unicorn
Forte, a US-based blockchain gaming startup, has raised US$725 million in a series B round co-led by Sea Capital – the investment arm of Sea Group – and Kora Management.
Other investors that participated in the round include Andreessen Horowitz, Tiger Global, Polygon Studios, Solana Ventures, Griffin Gaming Partners, Warner Music Group, Animoca Brands, and zVentures – the investment arm of Razer. The deal boosts Forte’s total money raised to date to over US$900 million.
Image credit: Forte
Founded by Josh Williams in 2019, Forte helps game publishers integrate blockchain-based features into their titles. The platform allows games to offer embedded token wallets as well as non-fungible token minting and selling features to their users.
The company can also help game publishers in ensuring compliance related to money transmittal, anti-money laundering, tax management, and intellectual property protection for their titles.
Forte’s platform is still in private testing for selected partners. Currently, the company has over 40 game developer partners that serve 15 million players across their games.
In May, Forte raised US$185 million in a series A round that pushed the company’s valuation to US$1 billion. Griffin Gaming Partners led the round, with Andreessen Horowitz, Battery Ventures, Canaan, and Union Grove Venture Partners also participating.
Editing by Lorenzo Kyle Subido
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