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, 2024•about 1 year ago
Amount Raised
$2 Million
Round Type
seed
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.
Funding Insights
Based on industry dataVC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers