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

Zentry Overview

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

ThailandBangkok

Website

zentry.com

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

Zentry funding rounds
DateStageInvestorsRaisedDeal Summary
Apr 2024Undisclosed stagePantera Capital; Hashed; Coinbase Ventures; Animoca Brands; Binance$140MZentry, 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 2022Pre-seedAlameda Research (lead); BNB Chain Fund$300K-
Nov 2021SeedDeFiance Capital (lead); Hashed (lead); Pantera Capital; Alameda Research; Kyros Ventures; Bigcoin Capital; Play Ventures; Coinbase Ventures; Dapper Labs; Animoca Brands; Arche Fund; SkyVision Capital$6MZentry 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

Investors in Zentry by funding rounds participated
InvestorHQRoundsRoleFirst check
Pantera CapitalUnited StatesSan Francisco, CA2ParticipantNov 2021
HashedUnited StatesSan Francisco, CA2LeadNov 2021
Alameda ResearchHong KongHong Kong2LeadNov 2021
Coinbase VenturesUnited StatesSan Francisco, CA2ParticipantNov 2021
Animoca BrandsHong KongHong Kong2ParticipantNov 2021
BNB Chain FundUAEDubai1ParticipantJan 2022
Kyros VenturesVietnamHo Chi Minh City1ParticipantNov 2021
Bigcoin CapitalVietnamHanoi1ParticipantNov 2021
Play VenturesSingaporeSingapore1ParticipantNov 2021
Dapper LabsCanadaVancouver1ParticipantNov 2021
Arche FundVietnamHo Chi Minh City1ParticipantNov 2021
DeFiance CapitalSingaporeSingapore1LeadNov 2021

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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples

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Investments 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

Uptopia
Darkbright Studios
Play AI
0XVM
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-United StatesUnited Kingdom-
HQ City
-
Dover, DE
London
-
Deal Date17 Jun 202523 Sep 202429 May 20241 Mar 2024
RoundPre-seedSeedSeedSeries A
Raised$4M$6M$4M$5M
InvestorsKyber Ventures; Spartan; Pantera Capital; Istari Ventures; Coinbase Ventures; Arche Fund; Vessel CapitalGam3Girl Ventures; Play Ventures; Offchain Labs; Anthos Capital; RockawayX; Caballeros Capital; King River Capital; BITKRAFT VenturesMH Ventures; Alphawave Group; Gabby Dizon; Polygon Ventures; Jeffrey Zirlin; Sandeep Nailwal; Tykhe Ventures; Floyd Perridon; Jump CryptoAncient8; W3GG; Huobi Ventures; Adaverse; Razer; Good Games Guild; Signum Capital; UOB Venture; Jump Crypto; PathDAO; Ruby Capital
Valuationundisclosedundisclosed$70M$45M
EV/Revenue
EV/EBITDA

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Zentry Competitors

Zentry competitors include listed companies like NetEase, Roblox, Konami and NEXON, and private ones like Moon Active and Games24x7.

Public and private companies comparable to Zentry
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
NetEaseChinaChinaPublicly listed$17B$5.8B$75B3.0x
RobloxUnited StatesUnited StatesPublicly listed$4.9B($1B)$34B4.7x
KonamiJapanJapanPublicly listed$3.2B$1.1B$19B5.0x
NEXONJapanJapanPublicly listed$3.1B$731M$16B3.8x
Moon ActiveIsraelTel AvivPrivate$1.5B-$5B3.3x
Games24x7IndiaIndiaPrivate$173M-$2.5B14.5x

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 FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Microsoft$332B$205B11.1x10.7x18.0x17.5x
Tencent$112B$51B4.5x4.2x9.9x9.9x
NetEase$17B$5.8B3.1x3.0x8.9x7.7x
Nintendo$15B$3.5B3.3x3.3x14.0x18.1x
Sea$23B$2.4B2.5x2.0x24.3x16.5x
Take-Two Interactive$6.7B$431M6.1x5.3x94.0x29.8x
Roblox$4.9B($1B)6.7x4.7x(32.6x)24.1x
Konami$3.2B$1.1B5.3x5.0x15.2x13.9x

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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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