VC Fund Investments
Blockchain gaming platform Lysto raises $12-M from Square Peg, Beenext, Tiger Global, others
Lysto, a Singapore and Bengaluru-based platform for gamers, has raised over USD 12 million in a pre-Series A funding. The round saw participation from institutional as well as gaming and crypto investors, such as Square Peg, Beenext, Hashed, Tiger Global, and Better Capital. Angel investors such as Balaji Srinivasan (ex-CTO, Coinbase), Paul Veradittakit (Partner, Pantera Capital), Binny Bansal (Founder, Flipkart) and Bobby Ong, and TM Lee, (Co-founders, CoinGecko), also participated in the investment round. Lysto builds APIs, tools, and infrastructure that enables the creation and distribution of Non-Fungible Tokens (NFTs). It recently announced ‘Proof of Play Protocol (PoPP)', which aims to standardise gamer credentials and reputation across the industry. These can be issued by games, tournaments, or even auto-generated by gamers as trophies.
From the Venture Intelligence PE-VC Deal Database: In Nov 21, Lysto had raised USD 3 M from Beenext, Better Capital and Cloud Capital and angel investors
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