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The Arena raised $2 million in a pre-seed funding round led by Blizzard and Ava Labs to enhance user experience and expand its social platform.

Oct 16, 2024about 1 year ago

Amount Raised

$2 Million

Round Type

seed

New YorkSocial Media

Investors

Dao5Efficient FrontierEspresso SystemsRepublicFenbushiGalaxy DigitalAlpha Crypto CapitalSaron FundsD1 VenturesAbstract VenturesBalaji SrinivasanAva LabsBlizzard (Avalanche Ecosystem Fund)

Description

The Arena has successfully raised $2 million in a pre-seed funding round. This investment will help enhance user experience and expand the platform's login options and mobile application.

Company Information

Company

The Arena

Location

New York, New York, United States

About

The Arena is a next generation SocialFi app redefining how creators connect, engage, and monetize their content.

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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