Gaming startup Mythical Games raises $150 million in Series C round led by a16z

Mythical Games, a game development company based in Los Angeles, announced that it raised $150 million in Series C funding, bringing the startup’s total valuation to $1.25 billion. 

The American venture firm Andressen Horowitz led the funding round, which also saw participation from D1 Capital, RedBird Capital, The Raine Group, Binance, FTX, 32 Equity, the venture arm of the National Football League, The Chainsmokers’s Mantis and others. 

Prior investors in Mythical Games, including Galaxy Interactive, WestCap, 01 Advisors, Javelin Partners, Struck Capital, Alumni Ventures and Signum Growth Investments, also participated in Mythical Gaming's most recent funding round. 

In all, Mythical Games raised more than $270 million in funding, earning the majority of it — $225 million — in 2021, according to a company release. The startup intends to use the funding to continue expanding its team and building NFT-based, play-to-earn games. 

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