Mythical Games Valuation, Funding & Investors
Mythical Games is valued at $1B as of June 2023.
Last Mythical Games valuation
$1B
Series C · Jun 2023
Last Mythical Games funding round
$37M
Series C · Jun 2023
Cumulative funding Mythical Games raised
$297M
across 6 funding rounds
Key investors in Mythical Games
Javelin Venture Partners
Galaxy Interactive
Struck Capital
Struck Crypto
Andreessen Horowitz
Alumni Ventures
About Mythical Games
Mythical Games is a Sherman Oaks-headquartered studio publishing blockchain-enhanced video games like Blankos Block Party and NFL Rivals. Its Mythical Platform provides developers with Mythos Chain blockchain and MYTH token integration for true in-game asset ownership and secondary marketplaces. The company powers economies in titles across mobile, PC, and console with secure NFT transactions.
Founded
2018
HQ
Los Angeles, CAWebsite
Status
Privately held
Customer focus
B2B & B2C
Revenue model
Product sales
Valuation
$1B (Jun 2023)
Mythical Games Valuation
Mythical Games is currently valued at $1B, based on its Series C in June 2023.
The $37M round was led by Scytale Digital, with participation from PROOF, Stanford Athletics, Animoca Brands, Private Ventures Group, Andreessen Horowitz and 6 other investors.
Mythical Games' valuation has moved from $1.3B at its Series C in November 2021 to $1B in June 2023, across 2 priced rounds.
Mythical Games valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Jun 2023 | Series C | $1B |
| Nov 2021 | Series C | $1.3B |
Mythical Games Funding History
Mythical Games has raised a total of $297M across 6 funding rounds.
Mythical Games' first fundraising round was a $1M seed round in June 2018. The most recent completed round was a $37M Series C in June 2023.
Mythical Games funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Jun 2023 | Series C | Scytale Digital (lead); PROOF; Stanford Athletics; Animoca Brands; Private Ventures Group; Andreessen Horowitz; MoonPay; ARK Investment Management; Signum Growth Capital; Gaingels; Struck Capital; Westcap | $37M | $1B | Mythical Games is a Los Angeles-based next-generation games technology company specializing in Web3 gaming ecosystems, leveraging blockchain and playable NFTs to enable player-owned economies. The company has developed major franchises like Call of Duty and World of Warcraft and currently operates titles including NFL Rivals, Blankos Block Party, and the upcoming Nitro Nation World Tour. On June 27, 2023, it secured the first close of $37 million in its Series C1 funding round, led by Scytale Digital, with participation from ARK Invest, Animoca Brands, PROOF, Stanford Athletics, MoonPay, and existing investors Andreessen Horowitz, Gaingels, Signum Growth, Struck Capital, and WestCap. The full round anticipates an additional $20-30 million later in 2023. The funding maintains Mythical Games' unicorn status with a valuation over $1 billion, following prior raises of $150 million and $75 million from Andreessen Horowitz in 2021 at a $1.25 billion valuation. Proceeds will support Web3 infrastructure development, including a new in-game marketplace for NFL Rivals (which exceeded 1 million downloads), migration of the Mythical Chain from Ethereum to Polkadot for better scalability, and launch of the Mythos DAO ecosystem to lower barriers for game developers. The company reported strong traction with over three million NFT transactions monthly, 200,000 active wallets, over one million MYTH tokens transferred daily in gaming, and $29 million in NFT sales volume in the prior 30 days. Mythical anticipates over 20 million player accounts by end-2023, driven by NFL Rivals and Nitro Nation World Tour, while optimizing for profitability by year-end. This round aligns with Scytale Digital's Horizon Fund II, marking its 15th investment in Web3 projects across gaming, metaverse, and infrastructure. The company's focus on 'play and own' economies positions it as a leader in blockchain gaming amid competition from platforms like Axie Infinity. |
| Nov 2021 | Series C | Andreessen Horowitz (lead) | $150M | $1.3B | Mythical Games is a next-generation gaming technology studio founded in 2018 that leverages blockchain technology and playable NFTs to create player-owned economies in video games, enabling players to truly own, trade, and monetize digital assets through the Mythical Platform and Marketplace. The platform supports play-to-earn models where players can sell in-game items for real money in secure transactions, shifting from traditional inflationary free-to-play economies to scarcity-based designs. Key games include Blankos Block Party, with partnerships announced with developers like Creative Mobile, CCG Lab, and Abstraction Games. On November 4, 2021, Mythical Games raised $150 million in a Series C funding round led by Andreessen Horowitz (a16z), following a $75 million Series B just four months earlier in July 2021, bringing total funding to over $270 million with $225 million raised that year alone. The round valued the company at a **$1.25 billion post-money valuation**, cementing its unicorn status. Participants included D1 Capital, RedBird Capital, The Raine Group, crypto exchanges Binance and FTX, Mantis VC (The Chainsmokers), Ryan Tedder (OneRepublic), Michael Jordan, Jonathan Kraft (New England Patriots), and existing investors like Struck Capital, Galaxy Interactive, and WestCap. The funding aims to scale operations, grow the team beyond 150 employees (hiring for 40+ roles in design, finance, and engineering), develop future games, and onboard more game developers to the Mythical Platform. The company, led by CEO John Linden (veteran of Call of Duty, World of Warcraft, Guitar Hero), positions itself to bring play-to-earn and NFT gaming to mainstream audiences, unlocking value from players' time and monetary investments in digital assets. Mythical Games has contributed to major franchises like Call of Duty, World of Warcraft, Marvel Strike Force, and Skylanders, with recognition from Forbes as a Disruptive Technology Company in 2019 and Fast Company's World Changing Ideas 2021. |
| Jun 2021 | Series B | Westcap (lead); Galaxy Interactive; Sand Hill Angels; Alumni Ventures; Vayner/RSE; Javelin Venture Partners; 01 Advisors; Struck Capital; Struck Crypto | $75M | - | Mythical Games is a next-generation gaming technology studio building universal gaming ecosystems around playable NFTs and blockchain technology for play-to-earn videogames. The company, founded by industry veterans from Activision, Oculus, EA, and Zynga, announced a $75 million Series B financing on June 9, 2021, led by WestCap, with participation from 01 Advisors, VaynerFund (Gary Vaynerchuk), and existing investors Galaxy Digital, Javelin Venture Partners, Alumni Ventures, and Struck Capital. This brought total funding to $120 million at the time, aimed at accelerating innovation, mass adoption of blockchain and NFTs, and growth of its first game featuring player-owned economies. Just five months later, in November 2021, Mythical Games raised a $150 million Series C led by Andreessen Horowitz at a $1.25 billion valuation, achieving unicorn status. Existing Series B investors including WestCap, 01 Advisors, Javelin Partners, Galaxy Interactive, Struck Capital, and Alumni Ventures participated further, with total funding exceeding $270 million ($225 million in 2021 alone). The Series C funded team growth, operations scaling, and onboarding developers like Creative Mobile, CCG Lab, and Abstraction Games to the Mythical Platform for NFT-based game economies. Mythical's traction included launching Blankos Block Party and positioning as a leader in player-owned digital assets, contrasting traditional inflationary free-to-play models with scarcity-driven NFT designs. The company garnered recognition from Forbes and Fast Company. Later rounds included a Series C-II $37M in June 2023 and Series D in October 2025, with total funding reaching $297M over multiple rounds. |
| Nov 2019 | Series A | Javelin Venture Partners (lead); Ethos Family Office; Hashed; Galaxy Interactive; Castor Ventures; EOS VC Fund; Sand Hill Angels; SVK Crypto; Alumni Ventures; Avon Ventures; Struck Capital; Struck Crypto | $19M | - | Mythical Games, founded in 2018 by gaming veterans John Linden (CEO), Jamie Jackson (CCO), and Rudy Koch (VP of Marketplace Services) from Activision Blizzard, develops blockchain-based gaming platforms enabling player-owned economies for PC, console, and mobile games. The company focuses on titles like Blankos Block Party and tools for player participation via NFTs and secure marketplaces. By late 2019, it had over 30 full-time employees across offices in Los Angeles and Seattle. In November 2019, Mythical Games raised $19 million in a funding round led by Javelin Venture Partners, with participation from Alumni Ventures, Avon Ventures, Galaxy Interactive (noted as Galaxy Digital Ventures), Hashed, Struck Capital, and others matching the query investors. This brought total funding to $35 million, including $16 million from prior Seed and Series A rounds in 2018. Alex Gurevich of Javelin praised the team's execution on Blankos Block Party and the Mythical Platform, highlighting industry partnerships in gaming and blockchain. John Linden emphasized the round's support for evolving gaming economics, positioning Mythical to launch Blankos Block Party publicly and share its platform with other studios. The funds aimed to capitalize the company for market leadership in player-influenced game economies. Subsequent rounds included a 2021 Series B and $150 million Series C at $1.25 billion valuation led by Andreessen Horowitz, with follow-on from Javelin and others, totaling over $270 million raised. Later, a 2023 Series C-1 raised $37 million at $1.08 billion valuation. These developments underscore Mythical's growth in play-to-earn NFT gaming. |
| Nov 2018 | Series A | Fenbushi Capital; Galaxy Interactive; Evolution VC Partners; Okcoin; Hard Yaka; Norís Capital; Javelin Venture Partners | $15M | - | - |
| Jun 2018 | Seed | Struck Crypto (lead) | $1M | - | - |
Who has invested in Mythical Games?
30 investors have backed Mythical Games across its funding rounds, including Javelin Venture Partners, Galaxy Interactive, Struck Capital, Struck Crypto, Andreessen Horowitz and Alumni Ventures.
Lead investors include Scytale Digital, Andreessen Horowitz, Westcap, Javelin Venture Partners and Struck Crypto.
Mythical Games Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| New York City, NY | 3 | Participant | Nov 2018 | |
| San Francisco, CA | 3 | Lead | Nov 2018 | |
| Los Angeles, CA | 3 | Participant | Nov 2019 | |
| Los Angeles, CA | 3 | Lead | Jun 2018 | |
| San Francisco, CA | 2 | Participant | Nov 2019 | |
| San Francisco, CA | 2 | Lead | Nov 2021 | |
| United States | 2 | Participant | Nov 2019 | |
 Canada | 2 | Lead | Jun 2021 | |
 Shanghai | 1 | Participant | Nov 2018 | |
| Philadelphia, PA | 1 | Participant | Nov 2019 | |
| United States | 1 | Participant | Jun 2023 | |
| San Francisco, CA | 1 | Participant | Nov 2019 | |
| San Francisco, CA | 1 | Participant | Jun 2023 | |
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Start Free TrialAcquisitions by Mythical Games
Mythical Games has acquired 4 companies to date.
Last acquisition by Mythical Games was on January 25th 2023. Mythical Games acquired DMarket for undisclosed valuation.
Latest Acquisitions by Mythical Games
| Description | DMarket is a cross-chain marketplace for trading NFTs and virtual items, recognized as a top-3 blockchain-based platform alongside OpenSea and Rarible per Newzoo reports. Its metaverse-building technology serves brands, video games, esports organizations, and broadcasters. The company raised funding from investors including Almaz Capital, Fulgur Ventures, and Xsolla in June 2020. | Polystream is a London-based cloud streaming platform for 3D applications and games using command-streaming technology. Their Fantom engine delivers 60fps at 1080p over UDP networks with latencies under 30ms, scaling to millions of concurrent users. Deployed for enterprise VR/AR training and spectator modes in titles like Unity-based simulations, Polystream partners with Unity and Unreal Engine, powering broadcasts for esports and automotive configurators worldwide. | ShortRound Games is a UK video game development studio producing titles for PC, mobile, and consoles. It creates narrative-driven adventures and indie games, with releases available on Steam and app stores. | - |
| HQ Country | |  | | |
| HQ City | Los Angeles, CA | Guildford | Melbourne | - |
| Deal Date | 25 Jan 2023 | 18 Jan 2022 | 5 Jan 2022 | 1 Sep 2018 |
| Valuation | undisclosed | undisclosed | undisclosed | undisclosed |
| EV/Revenue | ||||
| EV/EBITDA | ||||
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Mythical Games Competitors
Mythical Games competitors include listed companies like Playtika and GungHo Online, and private ones like Mocaverse, Npixel, Doodles and Kabam.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
 Hong Kong | Private | - | - | $1B | - | |
 Seoul | Private | - | - | $861M | - | |
| Vancouver | Private | - | - | $704M | - | |
| San Francisco, CA | Private | - | - | $1B | - | |
 Israel | Publicly listed | $2.8B | $180M | $881M | 1.1x | |
 Japan | Publicly listed | $599M | $37M | $853M | 0.3x |
Mythical Games Public Comps
Mythical Games is still privately-owned, but its public comps include Xun You Network, MNC Digital Entertainment, Ubisoft, HashKey Holdings, Playtika, GungHo Online, DoubleUGames, Yalla Group, BitGo Holdings and OSL Group.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $43M | $4M | 21.0x | - | 214.7x | - | |||
| $216M | $73M | 4.7x | - | 14.0x | - | |||
| $1.6B | $302M | 0.8x | 0.8x | 4.4x | 4.5x | |||
| $92M | ($109M) | 6.4x | - | (5.4x) | - | |||
| $2.8B | $180M | 1.1x | 1.1x | 16.4x | 3.9x | |||
| $599M | $37M | 0.3x | 0.3x | 5.5x | 4.0x | |||
| $524M | $170M | 0.9x | 0.9x | 2.9x | 2.4x | |||
| $342M | $128M | - | - | - | - | |||
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Common questions about Mythical Games
| When was Mythical Games founded? | Mythical Games was founded in 2018. |
| Where is Mythical Games headquartered? | Mythical Games is headquartered in Los Angeles, CA, United States. |
| Is Mythical Games publicly listed? | No, Mythical Games is a private, VC-backed company. |
| What is Mythical Games' valuation? | Mythical Games was last valued at $1B in its Series C in June 2023. |
| How much funding has Mythical Games raised? | Mythical Games has raised $297M across 6 funding rounds. |
| What was Mythical Games' last funding round? | Mythical Games' last funding round was a $37M Series C in June 2023, led by Scytale Digital. |
| Who are Mythical Games' investors? | Mythical Games' investors include Galaxy Interactive, Javelin Venture Partners, Struck Capital, Struck Crypto, Sand Hill Angels, Andreessen Horowitz, Alumni Ventures, Westcap, Fenbushi Capital, Ethos Family Office and 20 others. |
| Which companies are comparable to Mythical Games? | Companies comparable to Mythical Games include Mocaverse, Npixel, Doodles, Kabam, Playtika and GungHo Online. |
| How many companies has Mythical Games acquired? | Mythical Games has acquired 4 companies, including DMarket, Polystream, ShortRound Games and Arcuity. |
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