Concept Art House Raises $25M in Series A Funding
Summary
Investors and advisors included Dapper Labs, Animoca Brands, Anthos, Appworks, Blockchain Coinvestors, Fabric VC, Hashkey, Liberty City Ventures, One Football, PKO Investments, Polymorphic Capital, Protocol Labs, Redbeard Ventures, Spartan Group, Steve Aoki, Jeff ‘Jiho’ Zirlin (Axie-Infinity), Gabby Dizon (Yield Guild Games), Vinny Lingham (Civic), and Kevin Lin (Twitch). Lead investor and partner in multiple upcoming projects, Dapper Labs, original builders of Flow blockchain, will be nominating Mik Naayem to the board to join CEO James Zhang, Chairman Matthew Le Merle, and Jenny Chen. CAH will also nominate an additional board member whose skill set marries NFT, blockchain and digital entertainment domain knowledge. The new capital will be allocated to the continued build-out of the team, looking at opportunistic acquisitions, building a vast NFT vault and securing and adding a new dimension to larger licensing deals across top blockchain protocols and marketplaces. The company has helped ship over 1000 games, many of which became smash hits and achieved top ratings in iTunes, Google Play, Steam, and console marketplaces alike.