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Param Labs raises $7M in funding to develop modular gaming ecosystem

PRIVATEMay 16, 2024

Amount Raised

$7 Million

Round Type

Funding Round

New YorkGamingBlockchainVideo Games

Investors

MH VenturesDouble Peak GroupTrgc CapitalMerit CircleMechanism CapitalP2 VenturesCypher CapitalDelphi VenturesAnimoca Brands

Description

Param Labs raised $7 million in its latest funding round, which will be used to develop its modular gaming ecosystem. Animoca Brands led the round, with several other investors participating. The company aims to disrupt traditional game development and integrate emerging technologies in games.

Quick answer

Param Labs raised $7 Million in a Funding Round round, dated May 16, 2024. Investors: MH Ventures, Double Peak Group, Trgc Capital, Merit Circle, Mechanism Capital, P2 Ventures, Cypher Capital and Delphi Ventures. Param Labs is based in New York, New York, United States.

How much did Param Labs raise?
Param Labs raised $7 Million in a Funding Round round on May 16, 2024.
Who invested in Param Labs?
MH Ventures, Double Peak Group, Trgc Capital, Merit Circle, Mechanism Capital, P2 Ventures, Cypher Capital and Delphi Ventures are named as investors in this round.
What does Param Labs do?
Param Labs is an emerging technology and game development company specializing in PC and mobile games, AAA design, and innovative technology development.
Where is Param Labs based and how big is it?
Param Labs is based in New York, New York, United States.
Who are the decision-makers at Param Labs?
Fundz holds 1 contact at Param Labs. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Gaming and Blockchain around the same time

Companies in the same sectors as Param Labs that raised within 45 days of this round, from Fundz verified event records.

  • Pixelverse raised $5.5M (Seed) on June 15, 2024.
  • Supervillain Labs raised an undisclosed amount (Funding Round) on May 28, 2024.
  • InfiniGods raised $8M (Series A) on April 25, 2024.
  • Circle of Games raised $1M (Seed) on April 17, 2024.
  • FreeCast raised $5M on June 28, 2024.
  • GolfN raised $1.3M (Pre-Seed) on June 26, 2024.

Who to call at Param Labs, and when

A new round usually means Param Labs is about to hire and buy. The teams that reach out first get the meeting.

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Company Information

Company

Param Labs

Location

New York, New York, United States

About

Param Labs is an emerging technology and game development company specializing in PC and mobile games, AAA design, and innovative technology development. We are dedicated to offering cutting-edge gaming experiences to the masses through player-owned digital assets and immersive technology, seamlessly integrating web3 technology with traditional gaming experiences. Param Labs' user-friendly interfaces, sustainable ecosystems, and value-adding experiences are designed to scale and benefit millions of users worldwide.

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Param Labs raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.