The blockchain company Avocado Guild has attracted investments in the amount of $18 million

The startup's valuation has grown to $200 million after a Series A funding round

25.11.2021 - 08:05

1 min

The startup's valuation has grown to $200 million after a Series A funding round.

What’s new? Avocado Guild, an operator of the blockchain gaming guild, has announced the completion of its Series A funding round. Following the results of the investment round, the startup managed to attract $18 million for further development and promotion.

Avocado Guild's Series A Fundraise has officially closed in at $18 Million co lead by @animocabrands @kyled116 @hashed_official #QCP Soteria Thank you to our investors, and most importantly our fellow Avocadians. Time to build the future of P2E. #avocadodao pic.twitter.com/mdAH9MzpHZ— Avocado Guild 🥑 (@Avocadoguild) November 24, 2021

Who participated? The round was led by QCP Soteria Node and Animoca Brands. Other participants include large companies and funds such as Binance Smart Chain Growth Fund, Solana Ventures, Polygon Studios, Hashed, and Three Arrows Capital.

What will the funds be used for? According to the startup representatives, Avocado Guild will continue to develop the Play-to-Earn model of games. Special attention will be paid to the metaverses trend and the purchase of NFT and lands in virtual worlds.

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