- Companies
- Gala Games
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
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
Website
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
| Date | Stage | Valuation |
|---|---|---|
| Feb 2021 | Series 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
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| May 2024 | Secondary | DWF 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 2021 | Series A | - | $5M | $1.5B | Gala 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
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
This data is available for Pro users. Sign up to see all 1 Gala Games investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialAcquisitions 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
| 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 Country | |
| HQ City | Seattle, WA |
| Deal Date | 10 Jan 2023 |
| Valuation | undisclosed |
| EV/Revenue | |
| EV/EBITDA | |
This data is available for Pro users. Sign up to see all Gala Games acquisitions and their M&A valuation multiples. Start Free Trial | |
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
| 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 Country | |
| HQ City | Seattle, WA |
| Deal Date | 13 Aug 2025 |
| Round | Series A |
| Raised | $20M |
| Investors | Griffin Gaming Partners; Comma3 Ventures; NoLimit Holdings; Polychain |
| Valuation | $1.1B |
| EV/Revenue | |
| EV/EBITDA | |
This data is available for Pro users. Sign up to see all Gala Games investments and their VC round multiples. Start Free Trial | |
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.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | $1.3B | - | $1.9B | - | ||
| Private | - | - | $1B | - | ||
| Private | - | - | $1B | - | ||
| Private | - | - | $2.5B | - | ||
| Publicly listed | $28M | ($734M) | $1.5B | 32.0x | ||
| Publicly listed | $62M | ($34M) | $1.2B | 19.0x |
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 FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $211M | ($15M) | 7.0x | 7.2x | (97.0x) | (72.8x) | |||
| $223M | $99M | 6.6x | 6.6x | 14.9x | 11.3x | |||
| $28M | ($734M) | 50.2x | 32.0x | (1.9x) | 96.9x | |||
| $1.2B | $209M | 1.5x | 1.4x | 8.6x | 6.0x | |||
| $274M | $6M | 4.1x | 2.2x | 193.8x | 4.9x | |||
| $262M | $81M | 5.8x | 6.8x | 18.8x | 20.6x | |||
| $220M | $171M | 3.9x | 5.2x | 5.0x | 9.3x | |||
| $62M | ($34M) | 21.9x | 19.0x | (39.5x) | (302.8x) | |||
This data is available for Pro users. Sign up to see all Gala Games competitors and their valuation data. Start Free Trial | ||||||||
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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