Metaverse Start-up Enjinstarter Raises $3 Million to Advance into GameFi
True Global Ventures 4 Plus (TGV4 Plus), has invested USD$3 Million into Enjinstarter, an IDO launchpad for Metaverse and Blockchain gaming projects. Enjinstarter will utilize this investment to expand its operations and expand into other complementary business verticals including Metaverse Innovation Consulting, Game Publishing and Venture Building.
Enjinstarter launched in early October 2021 and has since helped more than 30 projects to launch and raised more than USD $3 Million via their platform. Some notable projects that Enjinstarter has supported include Defina, The Killbox and PathDao. Some of these projects have delivered between 24X to 53X to investors from their public IDO price.
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Apart from issuing tokens, Enjinstarter also helps game developers offer innovative ways to raise capital and fund their projects by selling virtual items such as NFTs. The platform also offers an incubation program supported by an accredited partner network to provide projects with end-to-end support for developing sustainable strategies and launching successful campaigns.
“We are honored to have TGV4 Plus lead our Series A round, and we have already experienced the immense support that has been provided by the partners leading the raise through advice and warm introductions to portfolio companies and partners from the ecosystem. As we embark on this journey to dominate the Web 3.0 space, we will need to stand on the shoulders of giants and TGV4 Plus brings that entire package together and walks the walk,“ commented Prakash Somosundram, CEO and Co-founder of Enjinstarter.
True Global Ventures’ investment will help Enjinstarter to build a stronger ecosystem offering through an integrated portfolio approach with the support of some of TGV’s partners and portfolio companies. True Global Ventures is globally reputed for being the backers of Animoca and Sandbox which has earned them a reputation for being a leading Web 3.0 investor and innovator.
“We are at the start of what I believe is the tipping point where Metaverses, Play-to-earn and GameFi go mainstream, which is to have traditional fun gamingexperiences plus the concepts of Finance & Fintech blended into a singular user experience. I believe that Enjinstarter is the right place and the right time to help companies who would like to build up their resources and communities as quickly as possible so that they can get to the right market quickly.” adds Kelly Choo, Partner of TGV4 Plus.
True Global Ventures has an unparalleled network of investors such as Angel Investors, VCs, Professionals, and Family Offices that help the company accelerate its client’s portfolios. True Global Ventures has a diversified portfolio that includes several top players such as Animoca Brands, The Sandbox, Chromaway, etc, to name a few.