Blockchain Games Developer Hoziron Closes $40M in Series A Funding
Blockchain games developer Horizon announced on Tuesday that it has secured a $40 million Series A investment round led by Brevan Howard Digital and Morgan Creek Digital, the round also included participation from major traditional game companies Ubisoft and Take-Two.
Horizon, renowned for its popular game Skyweaver, has raised $40 million in Series A investment to expand its product line and grow its operations. Expanding Skyweaver's content and audience, launching Niftyswap, a semi-fungible token (SFT) marketplace, and boosting Sequence, the company's rapidly expanding all-in-one developer platform and smart wallet that makes building web3 games and applications simple.
The Series A funding, according to Horizon co-founder Peter Kieltyka, would enable them to use partnerships and marketing to draw additional builders into their Sequence ecosystem. Additionally, it will update Skyweaver, which it refers to as "the best blockchain game," with new content. Since the game's Open Beta debut this year, players have created more than 400,000 new accounts on Skyweaver.
“At Horizon, we have a long-term vision for the future of web3, and are carefully building complementary products to support the ecosystem,” said Peter Kieltyka. “Our Series A allows us to grow the Sequence ecosystem by attracting more builders to our platform via marketing, community, and partnership initiatives. We also have big plans to expand the content and community features for our game Skyweaver and launch Niftyswap, a decentralized marketplace that makes exchanging SFTs easy and secure.”
The investment round also saw participation from tech-focused venture capital firms and pioneering companies in the web3 space including Polygon, Xsolla, Initialized Capital, BITKRAFT Ventures, CMT Digital, Quantstamp, Round13 Capital, Xchange, and Everyrealm, plus key individual investors such as Shopify’s CEO Tobias Lütke, The Sandbox’s co-founder Sebastien Borget, Sky Mavis and Axie Infinity co-founder Aleks Larsen, Lolli’s co-founder Alex Adelman, and leading Ethereum educator and The Daily Gwei’s founder Anthony Sassano.
The firm was "significantly oversubscribed," according to Horizon's CFO Deborah Marfurt, for this investment round. This fact demonstrates that Horizon is functioning with good practices and fundamentals and has a top-notch crew. She continued by saying that the business is delighted to have such a powerful collection of backers who will help Horizon establish itself as the leading Web3 gaming platform.
Despite the recent decline in the NFT industry, leading NFT businesses have continued to raise capital. Even without the names involved, the financing round for Horizon is noteworthy. We, at NFT Drops Calendar, will keep an eye out for what Horizon does with the money moving forward.
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