Brevan Howard Digital and Morgan Creek Digital led the round, with participation from traditional gaming companies Ubisoft and Take-Two Interactive as well as Shopify CEO Tobias Lütke. The company did not disclose its valuation, but CFO Deborah Marfurt told Bloomberg it has increased since a funding round last year that valued Horizon at US$89.5 million, according to PitchBook. (The Logic, Bloomberg)
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Brevan Howard Digital and Morgan Creek Digital led the round, with participation from traditional gaming companies Ubisoft and Take-Two Interactive as well as Shopify CEO Tobias Lütke. The company did not disclose its valuation, but CFO Deborah Marfurt told Bloomberg it has increased since a funding round last year that valued Horizon at US$89.5 million, according to PitchBook. (The Logic, Bloomberg)
Talking point: Blockchain gaming is still going strong amid a crypto bear market. The sector raised US$748 million in August and about half of all active crypto wallets interacted with blockchain games that month, according to DappRadar. Fellow Toronto-based crypto gaming company Parallel raised US$50 million at a US$500 million valuation in October of last year before launching a playable product. Horizon makes the NFT trading card game Skyweaver and plans to use the capital to “expand and enhance” the game, as well as launch an NFT marketplace and improve its Sequence developer platform.
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