Who invested in gala currency?

Institutional and individual investors have played a pivotal role in the growth of Gala Games, funding its initial concepts and fueling its expansion into a leading play-to-earn gaming platform.

Jan 08, 2025 at 10:28 pm

Key Points:

• Timeline of key Gala Games investors and funding rounds
• Profiles of major investors and their role in the Gala Games ecosystem
• Impact of investors on the growth and development of Gala Games
• Potential implications for the future of Gala Games and its in-game currency, GALA

Who Invested in Gala Currency?

Institutional Investors:

• Galaxy Interactive: A venture capital firm focused on the blockchain gaming industry. Galaxy Interactive led the $13.3 million Series A funding round for Gala Games in 2019.
• BITKRAFT Ventures: An early-stage investor in emerging technologies and blockchain projects. BITKRAFT Ventures participated in the $31 million Series B funding round for Gala Games in 2020.
• Gary Vaynerchuk: A renowned entrepreneur, investor, and social media personality. Vaynerchuk was an early investor in Gala Games and remains an active supporter of the project.

Individual Investors:

• Brock Pierce: A trustee of the Bitcoin Foundation and Chairman of the Blockchain Foundation. Pierce has been involved in the blockchain industry for over a decade and is a strong advocate for Gala Games.
• Eric Schiermeyer: The CEO and co-founder of Gala Games. Schiermeyer has over 20 years of experience in the gaming industry and has led Gala Games to become one of the leading play-to-earn gaming platforms.
• Jason Brink: The CTO and co-founder of Gala Games. Brink is a software engineer with over 10 years of experience in the gaming industry.

Impact of Investors:

• Seed Funding (2018): Raised $1.5 million from strategic seed investors, including Brock Pierce and Eric Schiermeyer. This funding enabled Gala Games to develop their initial game concepts.
• Series A Funding (2019): Led by Galaxy Interactive, the $13.3 million Series A funding round provided Gala Games with the resources to launch their flagship game, Town Star, and build out their team.
• Series B Funding (2020): With BITKRAFT Ventures as the lead investor, the $31 million Series B funding round allowed Gala Games to expand their portfolio of games, acquire new talent, and establish strategic partnerships.

Potential Implications:

• Continued Growth: The support of major investors has enabled Gala Games to establish itself as a leading player in the play-to-earn gaming space. With additional funding and resources, the company is well-positioned for continued growth and expansion.
• Ecosystem Development: Investors have provided not only capital but also industry expertise and connections. This support has been instrumental in the development of Gala Games' ecosystem, including their NFT marketplace and Gala Chain network.
• Increased Awareness: The involvement of high-profile investors has brought increased awareness to Gala Games and its GALA token. This has attracted a wider audience of players and investors, helping to drive the growth of the Gala Games ecosystem.

FAQs:

• Who is the largest investor in Gala Games? Galaxy Interactive is the largest investor in Gala Games, leading the $13.3 million Series A funding round in 2019.
• When did Gala Games raise Series A funding? Gala Games raised $13.3 million in Series A funding in 2019.
• What is the role of Brock Pierce in Gala Games? Brock Pierce is a trustee of the Bitcoin Foundation and Chairman of the Blockchain Foundation. He has been an early investor in Gala Games and remains an active supporter of the project.
• What is the total funding raised by Gala Games to date? Gala Games has raised over $40 million in funding to date, including seed funding, Series A funding, and Series B funding.
• What is the impact of investors on Gala Games? The support of investors has enabled Gala Games to establish itself as a leading player in the play-to-earn gaming space, expand their portfolio of games, and acquire new talent.