The blockchain gaming technology developer has received $15m in a Naspers Ventures-led round that will go to the full release of its trading-card game.
Naspers Ventures, the corporate venturing subsidiary owned by media and e-commerce group Naspers, has led a $15m series A round for Australia-based blockchain gaming startup Immutable.
The round also featured blockchain-oriented merchant bank Galaxy Digital’s EOS VC Fund in addition to private equity and real estate investment firm Apex Capital Partners.
Founded in 2018 as Fuel Games before rebranding last month, Immutable is developing games that make use of blockchain technology to more effectively utilise digital assets. The series A cash will support the roll-out of its flagship trading-card game.
The company had previously received $1.8m in a July 2018 seed round co-led by Nirvana Capital and Continue Capital that included cryptocurrency exchange operator Coinbase and Sora Ventures.
