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Triumph Raises $14M For An Sdk To Add Real-Money Tournaments Into Games

May 10, 2023•over 2 years ago

Amount Raised

$14 Million

San FranciscoSoftware Development

Investors

Kevin HartzMagic FundRaven OneGreat OaksFluxValhalla VenturesStrikeSteel PerlotRaven One VenturesNostalgic ModernHeroic VenturesBox GroupGeneral Catalyst

Description

The surge of interest in e-sports, online fantasy leagues and more extensive online financial infrastructure have made the concept of real-money gaming more popular among consumers and games developers. Today a startup called Triumph — which has built an engine, and accompanying SDK, to power real-money tournaments — is announcing $14.1 million funding to continue developing its platform to work in a wider set of markets (its currently available in 27 U.S. states plus Washington D.C.), and to bring on more customers.

Company Information

Company

Triumph

Location

San Francisco, California, United States

About

Triumph is disrupting video game monetization with legal, technical and financial infrastructure to power real money tournaments. Founded by two Stanford CS dropouts and backed by leading VC firms and titans of the esports industry.

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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
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech