Myprize announced on Thursday, July 31, that it has successfully closed a $ 21 million financing round, which reaches the maximum evaluation of the company to $ 250 million.
Under the current supporters Dragonfly and Boxcars Ventures, as well as contributions from the main family offices, this recent financing raises the company’s total investment capital to $ 38 million since its foundation.
Myprize was founded by Zach Bruch in 2023 and was officially launched in the summer of 2024, and soon rises to the lead as the fastest growing social casino in the United States. With a prominent total operating rate (GMV), which exceeds $ 1.2 billion, MyPrize is scheduled to exceed the annual revenue threshold of $ 100 million and achieve profitability during its first operating year.
It is clear that Bruch has over the moon around the path on which the company is based, male“The growth that we see in myprize proves that social games have fully reached the United States market and there is a great demand for a more attractive approach, which the Creators move to the online games.”
He added that pumping the new capital will accelerate the expansion, which allows the platform on board thousands of additional creators and celebrities and benefit from global markets.
The way that distinguishes myprize itself is through a mixture of direct creators’ content and a lottery social casino games, supported by the player’s sharing technology that is driven by artificial intelligence.
At the time of writing this report, the Myprize players collectively won more than $ 500 million in the prizes, indicating only the popularity of the platform and the user’s quick adoption.
This is not a feat for such a young company, but with The repression lotions It started to happen throughout weWhether Myprize can overcome the storm and continue an ascending path that still should be seen.
However, funds from this last investment will be allocated to enhance user experiences, expand the capabilities of artificial intelligence in MyPrize, and expand the scope of his technology platform to accommodate the user’s increasing demand, so at the present time, the sky seems to be the maximum.
Pamphlet Myprize Casino Casino secures a $ 21 million financing round, to exceed annual revenues of $ 100 million First appear on reading.
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