Hybrid games platform PortalOne has raised USD60 million in an oversubscribed Series A funding round from a group of A-list investors.
Hybrid games platform PortalOne has raised USD60 million in an oversubscribed Series A funding round from a group of A-list investors.
Tiger Global led the round, which included TQ Ventures, the investment fund led by Scooter Braun, Schuster Tanger and Andrew Marks, as well as the Singapore headquartered USD283 billion investment company Temasek. Avenir Growth, Connect Ventures, Animoca Brands, Access Industries, Nordstar and Socii Capital also participated.
In addition to TQ Ventures, the round also saw solid participation from other existing investors including Founders Fund, Coatue, Talis Capital, Rogue Capital Partners and SNÖ Ventures. Notable angel investors who also got in on the action include Matt Cohler, the American venture capitalist known for his early executive roles at Facebook and LinkedIn; Aleksander Larsern, the COO and Co-founder of Axie Infinity; Julius Genachowski, the former Chairman of the FCC; and Rishi Garg, known for his executive roles at Twitter, Google and MTV.
Proceeds from the Series A will fund PortalOne’s next phase of growth, including a ramp-up to enable rapid expansion of content production for its hybrid games platform.
