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- Zentry
Zentry Funding, Investors & Competitors
Zentry has raised $146M across 3 funding rounds, most recently a $140M undisclosed-stage round in April 2024.
Last Zentry funding round
$140M
Undisclosed stage · Apr 2024
Cumulative funding Zentry raised
$146M
across 3 funding rounds
Key investors in Zentry
Coinbase Ventures
Animoca Brands
Pantera Capital
Alameda Research
Hashed
Play Ventures
DeFiance Capital
Dapper Labs
About Zentry
Zentry is a blockchain gaming platform introducing the Metagame Layer as an overlay for real-world interactions. This real-life MMORPG merges virtual economies with physical activities, fostering player connections through shared worlds. Zentry enables the Play Economy by tokenizing experiences across mobile and web interfaces.
Founded
2021
HQ
Website
Status
Privately held
Customer focus
B2C
Revenue model
Product sales
Zentry Funding History
Zentry has raised a total of $146M across 3 funding rounds.
Zentry's first fundraising round was a $6M seed round in November 2021. The most recent completed round was a $140M undisclosed-stage round in April 2024.
Zentry funding rounds
| Date | Stage | Investors | Raised | Deal Summary |
|---|---|---|---|---|
| Apr 2024 | Undisclosed stage | Pantera Capital; Hashed; Coinbase Ventures; Animoca Brands; Binance | $140M | Zentry, formerly GuildFi, is a web3 gaming platform rebranded in April 2024 to become a 'superlayer' uniting gamers across Web2 and Web3 games, integrating loyalty systems, gamer identities, and cross-platform activities into a unified Play Economy. It enables dynamic avatar profiles that evolve across ecosystems, capturing value from gaming activities, assets, NFTs, and communities. The company raised $140 million in funding primarily in 2021 through a community token sale and investments from Binance Labs, Coinbase Ventures, Animoca Brands, Pantera Capital, Hashed, and others, with treasury reserves reported above $100 million in early 2024, growing to $140-150 million by mid-2024 through investments, staking, farming, and partnerships. The rebranding coincided with launching the ZENT token, redeemable by existing GF token holders at a 1:10 ratio starting April 25, 2024. Post-rebrand market metrics included ZENT priced at $0.033 with a fully diluted valuation (FDV) of $320 million, and market caps around $229-283 million in late April 2024. Zentry reported strong profitability from guild operations, investments, and asset management, with claims of over $40 million in profits and more than $10 million in annual revenue from activities like token collections, fees, staking, and partnerships, though not explicitly termed 'revenue' or 'ARR' in sources. Zentry partnered with BEAM, pooling $300 million in treasuries to incubate Sophon, which raised $60 million in a node sale in April 2024. It positions itself among top gaming guilds like YGG ($520M valuation) and BEAM ($1.7B FDV), aiming for infrastructure-led growth and neutral cooperation to expand its gaming network. Treasury assets included $80M+ in staked tokens as of 2024, with total supply of 9.71B ZENT and ~55% circulation by June 2024. |
| Jan 2022 | Pre-seed | Alameda Research (lead); BNB Chain Fund | $300K | - |
| Nov 2021 | Seed | DeFiance Capital (lead); Hashed (lead); Pantera Capital; Alameda Research; Kyros Ventures; Bigcoin Capital; Play Ventures; Coinbase Ventures; Dapper Labs; Animoca Brands; Arche Fund; SkyVision Capital | $6M | Zentry raised $6M in a seed round on November 11, 2021, led by DeFiance Capital and Hashed, with participation from investors including Alameda Research, Animoca Brands, Arche Fund, Bigcoin Capital, Coinbase Ventures, Dapper Labs, Kyros Ventures, Pantera Capital, Play Ventures, and SkyVision Capital. The platform, originally launched as GuildFi and rebranded to Zentry in April 2024, develops a game-based trading platform connecting games, NFTs, and communities, targeting the midcore gaming market. Total funding across rounds reached approximately $146M, including a subsequent IDO raising $130M-$139.84M in December 2021 at a $3.55 token price. |
Who has invested in Zentry?
14 investors have backed Zentry across its funding rounds, including Coinbase Ventures, Animoca Brands, Pantera Capital, Alameda Research, Hashed and Play Ventures.
Lead investors include Alameda Research, DeFiance Capital and Hashed.
Zentry Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 2 | Participant | Nov 2021 | ||
| 2 | Lead | Nov 2021 | ||
| 2 | Lead | Nov 2021 | ||
| 2 | Participant | Nov 2021 | ||
| 2 | Participant | Nov 2021 | ||
| 1 | Participant | Jan 2022 | ||
| 1 | Participant | Nov 2021 | ||
| 1 | Participant | Nov 2021 | ||
| 1 | Participant | Nov 2021 | ||
| 1 | Participant | Nov 2021 | ||
| 1 | Participant | Nov 2021 | ||
| 1 | Lead | Nov 2021 | ||
This data is available for Pro users. Sign up to see all 14 Zentry 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 TrialInvestments by Zentry
Zentry has invested in 13 companies to date.
Latest investment by Zentry was on June 17th 2025. Zentry invested in Uptopia in their $4M Pre-seed round.
Latest Investments by Zentry
| Description | - | Darkbright Studios is an independent developer behind Smolbound, a Web3 life simulation RPG on the Solana blockchain. Launched in 2023, Smolbound features persistent worlds where players manage farms, trade assets, and engage in guild battles using NFTs for land and characters. Built with Unity and integrated with wallets like Phantom, the game hosts 10,000+ daily active users. Darkbright Studios operates remotely with a focus on play-to-earn economies. | Play AI is a blockchain platform functioning as a modular chain tailored for AI applications in gaming. Built on Cosmos SDK with Tendermint consensus, the Tokyo-headquartered network enables developers to deploy AI agents, on-chain models, and inference tools for decentralized game economies. Launched in 2023, it supports interoperability via IBC protocol and hosts gaming dApps with integrated AI for NPC behaviors and procedural generation. | - | |
| HQ Country | - | - | |||
| HQ City | - | Dover, DE | London | - | |
| Deal Date | 17 Jun 2025 | 23 Sep 2024 | 29 May 2024 | 1 Mar 2024 | |
| Round | Pre-seed | Seed | Seed | Series A | |
| Raised | $4M | $6M | $4M | $5M | |
| Investors | Kyber Ventures; Spartan; Pantera Capital; Istari Ventures; Coinbase Ventures; Arche Fund; Vessel Capital | Gam3Girl Ventures; Play Ventures; Offchain Labs; Anthos Capital; RockawayX; Caballeros Capital; King River Capital; BITKRAFT Ventures | MH Ventures; Alphawave Group; Gabby Dizon; Polygon Ventures; Jeffrey Zirlin; Sandeep Nailwal; Tykhe Ventures; Floyd Perridon; Jump Crypto | Ancient8; W3GG; Huobi Ventures; Adaverse; Razer; Good Games Guild; Signum Capital; UOB Venture; Jump Crypto; PathDAO; Ruby Capital | |
| Valuation | undisclosed | undisclosed | $70M | $45M | |
| EV/Revenue | |||||
| EV/EBITDA | |||||
This data is available for Pro users. Sign up to see all Zentry investments and their VC round multiples. Start Free Trial | |||||
Zentry Competitors
Zentry competitors include listed companies like NetEase, Roblox, Konami and NEXON, and private ones like Moon Active and Games24x7.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $17B | $5.8B | $75B | 3.0x | ||
| Publicly listed | $4.9B | ($1B) | $34B | 4.7x | ||
| Publicly listed | $3.2B | $1.1B | $19B | 5.0x | ||
| Publicly listed | $3.1B | $731M | $16B | 3.8x | ||
| Private | $1.5B | - | $5B | 3.3x | ||
| Private | $173M | - | $2.5B | 14.5x |
Zentry Public Comps
Zentry is still privately-owned, but its public comps include Microsoft, Tencent, NetEase, Nintendo, Sea, Take-Two Interactive, Roblox, Konami, Zhejiang Century Huatong and NEXON.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $332B | $205B | 11.1x | 10.7x | 18.0x | 17.5x | |||
| $112B | $51B | 4.5x | 4.2x | 9.9x | 9.9x | |||
| $17B | $5.8B | 3.1x | 3.0x | 8.9x | 7.7x | |||
| $15B | $3.5B | 3.3x | 3.3x | 14.0x | 18.1x | |||
| $23B | $2.4B | 2.5x | 2.0x | 24.3x | 16.5x | |||
| $6.7B | $431M | 6.1x | 5.3x | 94.0x | 29.8x | |||
| $4.9B | ($1B) | 6.7x | 4.7x | (32.6x) | 24.1x | |||
| $3.2B | $1.1B | 5.3x | 5.0x | 15.2x | 13.9x | |||
This data is available for Pro users. Sign up to see all Zentry competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Zentry
| When was Zentry founded? | Zentry was founded in 2021. |
| Where is Zentry headquartered? | Zentry is headquartered in Bangkok, Thailand. |
| Is Zentry publicly listed? | No, Zentry is a private, VC-backed company. |
| How much funding has Zentry raised? | Zentry has raised $146M across 3 funding rounds. |
| What was Zentry's last funding round? | Zentry's last funding round was a $140M undisclosed-stage round in April 2024. |
| Who are Zentry's investors? | Zentry's investors include Pantera Capital, Hashed, Alameda Research, Coinbase Ventures, Animoca Brands, BNB Chain Fund, Kyros Ventures, Bigcoin Capital, Play Ventures, Dapper Labs and 4 others. |
| Which companies are comparable to Zentry? | Companies comparable to Zentry include NetEase, Roblox, Konami, NEXON, Moon Active and Games24x7. |
| How many companies has Zentry invested in? | Zentry has invested in 13 companies, including Uptopia, Darkbright Studios, Play AI, 0XVM, Aura Network, Luxon, Ring Games and Tatsumeeko. |
| What was Zentry's last investment? | In June 2025, Zentry invested in Uptopia's $4M pre-seed round alongside Kyber Ventures, Spartan, Pantera Capital and 4 other investors. |
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