SweepStakes Casino MyPrize provides a financing tour of $ 21 million, which exceeds annual income of $ 100 million -

MYPRIZE announced on Thursday, July 31, that it had managed to close a financing cycle of $ 21 million, which brought the company’s evaluation ceiling to an impressive 250 million dollars.

Led by existing donors Dragonfly and Boxcars Ventures, as well as contributions from the main family offices, this last funding increases the company’s total investment capital to $ 38 million since its foundation.

MyPrize was created by Zach Bruch in 2023 and officially launched in the summer of 2024, quickly rising as a fastest growth in the United States. With an execution rate of remarkable gross goods (GMV) exceeding $ 1.2 billion, MyPrize should exceed the annual income threshold of $ 100 million and reach profitability during its first operational year.

Bruch is obviously above the moon on the trajectory on which the company is located, declaring: “The growth we see at MyPrize proves that social games have fully arrived on the American market and there is a massive demand for a more engaging approach and focused on the creators of the online game.”

He added that the new capital infusion will accelerate expansion, allowing the thousands of creators, additional celebrities and drawing on the world markets.

The way in which MyPrize is differentiating through a mixture of live creator content and competition -based social casino games, supported by the technology of the commitment of the AI owners.

At the time of the writing of this document, the MyPrize players collectively gained more than $ 500 million at a price, which simply shows the popularity of the platform and the rapid adoption of users.

It is not an easy task for such a young company, but with competition creations that are starting to perform in the United States, if MyPrize can resist the storm and continue on an ascending path remains to be seen.

However, the funds of this last investment will be allocated to the improvement of user experiences, the expansion of the capacities of the MYPrize AI and the scale of its technological platform to meet the growing demand of users, so for the moment, it seems that the sky is the limit.

The SweepStakes Casino Myprize guarantees a round of financing of $ 21 million, which was to exceed the annual income of $ 100 million, it appeared first on Readwrite.

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