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Melee raises $3.5M in Pre-Seed funding to enhance prediction markets, backed by DBA, Variant, and angel investors.

Sep 25, 20253 months ago

Amount Raised

$3.5 Million

Round Type

Pre-Seed

New Yorkinformation technology & servicesSoftwareBlockchain

Investors

Various Angel InvestorsVariantDba

Description

Melee, a startup in prediction markets, secured $3.5 million to enhance its offerings. This funding aims to empower users to create their own markets, challenging centralized platforms. Investors included various angels, DBA, and Variant. The company is set to evolve the prediction market landscape with ‘viral markets’.

Company Information

Company

Melee

Location

New York, New York, United States

About

Melee is a startup prediction markets firm designed to empower users to create their own markets. It operates on the Solana blockchain and aims to refresh the event contracts proposition by providing a permissionless platform for making markets about any topic. The company is positioning itself as the next evolution of prediction markets, tapping into the limitless potential of the internet. Melee encourages creators to engage positively with traders, offering a durable revenue model.

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers