Monkey Tilt announced on Wednesday that it has raised $30 million in Series A funding to expand its blockchain-based gaming and entertainment platform.
According to a press release by the company, the funding round was led by Pantera Capital participation from Polychain Capital, PokerGo, Hack VC, Dream Ventures, Accomplice, Mirana, and Josh Hannah, bringing total investments to over $50 million.
Entertainment and Gaming Combined with Crypto Payments
Monkey Tilt was launched in March 2024 and has developed a platform that integrates traditional casino experiences with blockchain technology and crypto payments. It includes dealer-led craps and roulette, a 24/7 sportsbook, and multi-currency payment support.
The company highlighted its crypto payment infrastructure in the statement, which allows wagering with a wide range of digital assets. This feature has made it a destination for both experienced players and new users interested in exploring blockchain gaming.
@MonkeyTiltPlay raises $30M in a Series A funding round
#MonkeyTilt secures $30M in a Series A funding round led by @PanteraCapital, with participation from @Polychain, @Mirana, @Hack_VC, @PokerGO, Accomplice Blockchain, @DreamVenturesVC and angel investors.Monkey Tiltā¦ pic.twitter.com/hJcHhS1mlH
ā PHOENIX ā Crypto News & Analytics (@pnxgrp) November 20, 2024
āThe reality is this industry has failed to keep up with how people want to game, connect, and interact. Monkey Tilt was designed to completely upend what we think of as the traditional gaming experience,ā said Monkey Tilt Founder and CEO Sam Kiki.
Monkey Tilt plans to use the new funds to enhance its existing platform and introduce additional offerings. These will include a gamified crypto trading product for launch in early 2025.
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