Funding of $21 Million Secured at a Valuation of $250 Million for Rapid Expansion and Growth Acceleration
MyPrize Secures $21 Million in Funding, Aiming to Revolutionize Online Entertainment
MyPrize, a multiplayer online social casino, has secured $21 million in funding at a valuation of $250 million. This investment is set to propel the company to new heights, as it seeks to expand its platform, enhance user experiences, and attract more content creators.
The funding round was led by existing investors Dragonfly and Boxcars Ventures. Zach Bruch, MyPrize's Founder & CEO, expressed his belief that social gaming has fully arrived in the US market with a massive demand for a creator-driven approach.
MyPrize offers a best-in-class player and creator experience. The company's unique approach has already proven successful, with over $500M won by players on MyPrize. Since its launch in 2024, MyPrize has experienced rapid growth, reaching over 500,000 players and a GMV run rate above $1.2 billion. The company expects to surpass $100 million in revenue this year.
The new funding will be used to accelerate MyPrize's growth, scale its technology platform, and enhance the player and creator experiences. Specifically, the funds will support expanding the social casino platform in new regions, enhancing the technical infrastructure to support multiplayer social gaming, increasing the number of creators on its platform, and improving player engagement through multiplayer and livestreaming-based entertainment combined with sweepstakes prizes.
MyPrize is building the first entertainment-native gaming platform, where creators and communities drive engagement, loyalty, and long-term value. The company aims to bolster growth, improve player engagement by enabling multiplayer experiences with favorite content creators and friends, and channel more players toward its platform. These efforts are focused on providing cutting-edge experiences unique in the market and driving the company toward profitability by the end of 2025.
The latest fundraise for MyPrize will unlock its next phase of exponential growth and open the platform to thousands of new creators, celebrities, and all-new markets globally. MyPrize is ushering in the golden age of online entertainment, powered by its proprietary AI retention and engagement platform.
MyPrize combines creator-led livestreaming with online games, offering sweepstakes prizes on MyPrize.us. The company is transforming online entertainment for both players and creators, and its growth proves that there is a demand for a more engaging, creator-driven approach to online gaming.
[1]: [Source 1] [2]: [Source 2] [3]: [Source 3]
[1] The new funding for MyPrize will not only propel its growth but also be utilized to scale its technology platform, attract more content creators, and enhance the player and creator experiences, as seen in the business strategy of revolutionizing online entertainment.
[2] This investment in MyPrize is a significant step in the financial realm, highlighting the potential of investing in technology-driven businesses that focus on the growing market of online entertainment and creator-led platforms.
