Web3 chess startup and marketplace Immortal Game said on Thursday that it has raised $12 million in funding led by TCG crypto, along with other tech and entertainment VC specialists - Cassius, Greenfield One, Sparkle Ventures (supported by the Sandbox Founders, and Animoca Brands) Kevin Durant and Rich Kleiman's 35V, Blockwall, Kraken Ventures, and Spice Capital.
Immortal Game will use the funding to accelerate its product development and expand into key markets including India, US, and Europe.
Founded in March 2021 by Thomas Zaepffel, David Cingala, and Geoffroy Mestrallet, the startup had raised $3.5 million in funding earlier this year co-led by Cassius and Greenfield One that was also backed by GFC, Kraken Ventures, Moonfire, Kima Ventures, Blockwall, and BlackPool DAO.
“An inflection point in the adoption of blockchain technology for consumer gaming has reached. Chess is a centuries-old game that benefits from this technology, preserving its heritage while attracting a new group of players. We are excited for the support of 50 Grand Masters as we continue to broaden the reach of this incredible game,” said Thomas Zaepffel, chief executive officer at Immortal Game.