Gala Games Valuation, Funding & Investors

Gala Games is valued at $1.5B as of February 2021.

Last Gala Games valuation

$1.5B

Series A · Feb 2021

Last Gala Games funding round

$5M

Series A · Feb 2021

Cumulative funding Gala Games raised

$5M

across 1 funding round

Key investors in Gala Games

  • DWF Labs

Gala Games Overview

About Gala Games

Gala Games is a privately held blockchain entertainment company founded in 2019 by Eric Schiermeyer and Michael McCarthy. It develops and publishes games in which players can hold, trade and use blockchain-based in-game assets. The company operates GalaChain, its own network for games and decentralized applications, and uses the GALA token for transactions, rewards and ecosystem activity. Its catalog has included titles such as Mirandus, Spider Tanks and Town Star, while related Gala businesses extend the ecosystem into music and film. Players are the principal customers, and the business earns revenue from game content, digital-item sales and ecosystem services. DWF Labs has treated Gala as a portfolio relationship and on May 22, 2024 said it purchased 28 million GALA tokens on the open market after a security incident to reduce selling pressure. That purchase was a secondary-market support transaction rather than a primary company financing.


Founded

2018

HQ

United StatesSalt Lake City, UT

Status

Privately held

Customer focus

B2C

Revenue model

Product sales

Valuation

$1.5B (Feb 2021)

Gala Games Valuation

Gala Games is currently valued at $1.5B, based on its Series A in February 2021.

Gala Games valuation by funding round

Gala Games valuation by funding round
DateStageValuation
Feb 2021Series A$1.5B

Gala Games Funding History

Gala Games has raised a total of $5M across 1 funding round, plus 1 secondary share sale.

Gala Games funding rounds

Gala Games funding rounds
DateStageInvestorsRaisedValuationDeal Summary
May 2024SecondaryDWF Labs--DWF Labs said on May 22, 2024 that it had purchased 28 million GALA tokens on the open market after an exploit affected the Gala Games ecosystem. The firm described the purchase as a measure intended to reduce market selling pressure and support a portfolio relationship during the recovery. The announcement did not state DWF's purchase price, the sellers or a company valuation. Gala Games develops blockchain-based games and operates GalaChain, a network on which players can hold and exchange digital items and use the GALA token for ecosystem activity.
Feb 2021Series A-$5M$1.5BGala Games, a blockchain gaming ecosystem founded in 2019 and headquartered in Las Vegas, NV, raised $100M in a Series A funding round led by C² Ventures, achieving a $1.5B valuation. The company plans to use the funds to accelerate product development, expand its team, and scale operations globally. With over 150 employees, Gala Games operates in the gaming category, enabling players to own in-game items and NFTs in a decentralized ecosystem. The platform features games such as Townstar, Spider Tanks, and Town Crush, along with NFT collectibles like VOX, and has partnerships with brands including AMC’s The Walking Dead, Under Armour, and Frank Miller.

Who has invested in Gala Games?

1 investor has backed Gala Games across its funding rounds, including DWF Labs.


Gala Games Investors

Investors in Gala Games by funding rounds participated
InvestorHQRoundsRoleFirst check

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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples

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Acquisitions by Gala Games

Gala Games has acquired 1 company to date.

Last acquisition by Gala Games was on January 10th 2023. Gala Games acquired Ember Entertainment for undisclosed valuation.


Latest Acquisitions by Gala Games

Ember Entertainment
Description
Ember Entertainment is a Seattle-based independent game developer specializing in mobile hardcore titles. It released Empire Z, a zombie survival strategy game with millions of installs on iOS, Android, and Mac App Store. Other titles include Stormy and Dungeon Raid sequels. Founded in 2010, the studio ports games to multiple platforms.
HQ CountryUnited States
HQ City
Seattle, WA
Deal Date10 Jan 2023
Valuationundisclosed
EV/Revenue
EV/EBITDA

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Investments by Gala Games

Gala Games has invested in 1 company to date.

Latest investment by Gala Games was on August 13th 2025. Gala Games invested in Shrapnel in their $20M Series A round.


Latest Investments by Gala Games

Shrapnel
Description
Shrapnel is the free-to-play, team-based first-person shooter developed and operated by Seattle game studio Neon Machine. Players form squads, compete for a resource called Sigma and use character abilities in tactical matches. The game combines conventional PC shooter mechanics with digital ownership of cosmetics and playable Operators. Players can customize Operators, trade them through the Shrapnel marketplace and craft or recycle game items. The studio says its development team has worked across major game franchises and platforms, while its own site reports millions of game sessions and hundreds of thousands of items sold. Shrapnel serves PC players, competitive gaming communities and creators participating in its item ecosystem. Its commercial model is tied to game content and digital-item activity rather than enterprise software subscriptions.
HQ CountryUnited States
HQ City
Seattle, WA
Deal Date13 Aug 2025
RoundSeries A
Raised$20M
InvestorsGriffin Gaming Partners; Comma3 Ventures; NoLimit Holdings; Polychain
Valuation$1.1B
EV/Revenue
EV/EBITDA

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Gala Games Competitors

Gala Games competitors include listed companies like Sharplink and Securitize, and private ones like Sky Mavis, Mocaverse, Mythical Games and Immutable Systems.

Public and private companies comparable to Gala Games
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
Sky MavisSingaporeSingaporePrivate$1.3B-$1.9B-
MocaverseHong KongHong KongPrivate--$1B-
Mythical GamesUnited StatesLos Angeles, CAPrivate--$1B-
Immutable SystemsAustraliaSydneyPrivate--$2.5B-
SharplinkUnited StatesUnited StatesPublicly listed$28M($734M)$1.5B32.0x
SecuritizeUnited StatesUnited StatesPublicly listed$62M($34M)$1.2B19.0x

Gala Games Public Comps

Gala Games is still privately-owned, but its public comps include YOOZOO Games, Paradox Interactive, Sharplink, Modern Times Group, PearlAbyss, Hangzhou Shunwang Tech, Shift Up, Securitize, OSL Group and NHN Entertainment.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
YOOZOO Games$211M($15M)7.0x7.2x(97.0x)(72.8x)
Paradox Interactive$223M$99M6.6x6.6x14.9x11.3x
Sharplink$28M($734M)50.2x32.0x(1.9x)96.9x
Modern Times Group$1.2B$209M1.5x1.4x8.6x6.0x
PearlAbyss$274M$6M4.1x2.2x193.8x4.9x
Hangzhou Shunwang Tech$262M$81M5.8x6.8x18.8x20.6x
Shift Up$220M$171M3.9x5.2x5.0x9.3x
Securitize$62M($34M)21.9x19.0x(39.5x)(302.8x)

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Common questions about Gala Games

When was Gala Games founded?Gala Games was founded in 2018.
Where is Gala Games headquartered?Gala Games is headquartered in Salt Lake City, UT, United States.
Is Gala Games publicly listed?No, Gala Games is a private, VC-backed company.
What is Gala Games' valuation?Gala Games was last valued at $1.5B in its Series A in February 2021.
How much funding has Gala Games raised?Gala Games has raised $5M across 1 funding round.
What was Gala Games' last funding round?Gala Games' last funding round was a $5M Series A in February 2021.
Who are Gala Games' investors?Gala Games' investors include DWF Labs.
Which companies are comparable to Gala Games?Companies comparable to Gala Games include Sky Mavis, Mocaverse, Mythical Games, Immutable Systems, Sharplink and Securitize.
How many companies has Gala Games acquired?Gala Games has acquired 1 company, including Ember Entertainment.
How many companies has Gala Games invested in?Gala Games has invested in 1 company, including Shrapnel.
What was Gala Games' last investment?In August 2025, Gala Games invested in Shrapnel's $20M Series A alongside Griffin Gaming Partners, Comma3 Ventures, NoLimit Holdings and 1 other investor.

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