Fundz

Redemption Games Spins Out Of Applovin And Raises $7M

PRIVATEMar 07, 2023

Amount Raised

$7 Million

Round Type

Funding Round

CarlsbadMobileGamingIosVideo Games

Investors

Orange DAOMerit Circle DaoBitkraftPlay Ventures

Description

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Quick answer

Redemption Games raised $7 Million in a Funding Round round, dated March 7, 2023. Investors: Orange DAO, Merit Circle Dao, Bitkraft and Play Ventures. Redemption Games is based in Carlsbad, New Mexico, United States.

How much did Redemption Games raise?
Redemption Games raised $7 Million in a Funding Round round on March 7, 2023.
Who invested in Redemption Games?
Orange DAO, Merit Circle Dao, Bitkraft and Play Ventures are named as investors in this round.
What does Redemption Games do?
Redemption Games, Inc. was started in the Summer of 2015 by Michael Witz and Dan Lin, two friends who have a long history of starting companies and building products that millions of people love.
Where is Redemption Games based and how big is it?
Redemption Games is based in Carlsbad, New Mexico, United States.
Who are the decision-makers at Redemption Games?
Fundz holds 1 contact at Redemption Games. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Mobile and Gaming around the same time

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

  • TreesPlease Games raised $8M (Funding Round) on April 20, 2023.
  • now.gg raised an undisclosed amount (Corporate Round) on March 23, 2023.
  • now.gg raised an undisclosed amount (Funding Round) on February 14, 2023.
  • Tower Pop raised $2.1M (Seed) on February 10, 2023.
  • Goals raised $20M (Series A) on April 19, 2023.
  • Super League Enterprise raised $10M on April 19, 2023.

Who to call at Redemption Games, and when

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

  • An alert the day Redemption Games raises, hires an executive or expands, scored against what you sell
  • The decision-makers there, with verified emails
  • Who you already know at Redemption Games, from your own LinkedIn network

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Company Information

Company

Redemption Games

Location

Carlsbad, New Mexico, United States

About

Redemption Games, Inc. was started in the Summer of 2015 by Michael Witz and Dan Lin, two friends who have a long history of starting companies and building products that millions of people love. With previous investments from Scopely and Supercell, in early 2020, we found our true love and joined the AppLovin family, (NASDAQ:APP). Read more about our partnership here: https://www.applovin.com/blog/applovin-welcomes-redemption-games/ As veterans of the gaming industry and with extensive experience in the business side of the gaming industry, we are so grateful, fortunate and appreciative to find ourselves in a very unique position. We are able to operate and cultivate a small studio culture that makes building games fun, with the support and resourcing from one of the world’s largest game companies, AppLovin. We can have our cake and eat it, too. The mobile games business has become one of the most competitive industries in the world. There are hundreds of thousands of games in the app store and the ability to rise to the top requires a unique combination of skill and effort, from game design, to marketing to live ops services. There are no silver bullets and no shortcuts. Over the last several years in the trenches of game development, we’ve evolved our own unique approach to building games that we are excited to unleash. First and foremost, our “playbook for making games” starts with bringing together the right people. We are strategically growing our team to help us build the next exceptional mobile game in the free to play market. If you’d like to join a small, elite and highly skilled group of developers creating an outstanding new mobile game, with the culture and personal vibe of a small studio, (cool people, no politics, no drama, no bs, no managers, complete autonomy over where, how and what you do) but the massive resources of a big company (salary, stock options, matching 401k, and fully compensated health benefits), we’d love to meet you!

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Redemption Games 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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