About Karmaverse
Karmaverse is a Media & Entertainment company based in Beijing (China) founded in 2021. It operates as a PC and console-based NFT games are developed using blockchain technology. Karmaverse has raised $8 million across 3 funding rounds from investors including OKX, HashKey Exchange and W3GG. Its chief executive is Scott Cheung. Its focus areas include Gaming, PC & Console Gaming, Game Developers and PC & Console Games. Its competitors include Ubisoft, Dapper Labs, Animoca Brands, IGG and Electronic Arts and 5 more; 5 of its 10 listed competitors have raised funding.
Company details
Karmaverse was founded in 2021 in Beijing, China, within the blockchain gaming sector. PC and console-based NFT games are developed, such as The Far East, Karmaverse Zombie, and Old West World, all leveraging blockchain technology. An NFT marketplace is also provided to support trading and transactions. Operations focus on integrating non-fungible tokens into interactive gaming experiences across digital platforms.
- Headquarters Beijing, China
- SectorsMedia & Entertainment
- Email••••••••
- Website karmaverse.io
- Social LinkedIn X
- Total Equity Funding$8M (USD)
in 3 rounds
- Latest Funding Round$1.06M (USD), Token Sale
Mar 2022
- InvestorsOKX
& 14 more
Funding Insights of Karmaverse
Karmaverse has successfully raised a total of $8M across 3 strategic funding rounds. The most recent funding activity was a Token Sale round of $1.06 million completed in March 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $8M
- Total Rounds 3
- Last Round Token Sale — $1.06M
- First Round $2M
(Feb 2022)
- Investors Count 15
All 3 funding rounds of Karmaverse with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar 2022 | $1.06M | Token Sale | – | – | – |
| Feb 2022 | $6M | Series A | – | A&T Capital | |
| Feb 2022 | $2M | Seed | – | – |
15 investors in total: 14 institutional and 1 angel.
Investors in Karmaverse
Karmaverse has secured backing from 15 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include OKX, HashKey Exchange and W3GG.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Blockchain startups are funded by A&T Capital venture capital firm. | – | capitalant.com | Berlin, Germany | |
Blockchain sector focus is maintained by venture capital-backed accelerator. | – | foresightventures.com | Shanghai, China | |
Early-stage tech startups are invested in by GSR Ventures. | – | gsrventuresglobal.com | Beijing, China | |
Venture capital firm offering funding and tools for startups in technology and investment sectors. | – | nfx.com | - | |
Venture capital is provided to crypto, DeFi, and NFT startups. | – | fundamentallabs.com | Shanghai, China | |
Investments in blockchain, tech products, and finance sectors are managed. | – | mindfulnesscap.com | Hong Kong, China | |
Y2Z Ventures is involved in venture activities. | – | y2z.io | Shanghai, China | |
Specializes in blockchain gaming app development for innovative digital experiences. | 2000 | polygonstudios.com | New York, United States | |
Cryptocurrency trading and wallet services are offered by OKX. | 2013 | okx.com | Victoria, Seychelles | |
An NFT-based data platform for digital games is provided. | 2021 | l2y.com | Hong Kong, China |
Investor details for Karmaverse
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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People of Karmaverse
4 people are tracked at Karmaverse (2 in leadership, 2 in team).
| Name | Role | Group |
|---|---|---|
Scott Cheung | CEO | Leadership |
Wendy Far | Chief Operations Officer | Leadership |
斯 何 | CBO | Team |
Kartik Garg | Business Developer | Team |
Complete people profiles for Karmaverse
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Timeline of Karmaverse
3 dated milestones of Karmaverse across 1 years, from founding to its latest funding, stage changes and deals.
- Founded Karmaverse is founded.
- Funding First funding round of $2.0M.
- Funding Latest funding round, Token Sale, of $1.1M.
Competitors of Karmaverse
Karmaverse has 10 listed competitors in our database, 5 of them funded. They include Ubisoft, Dapper Labs, Animoca Brands, IGG and Electronic Arts, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| ubisoft.com | 1986 | Montreuil, France | – | – | Video games are developed and published by Ubisoft worldwide. | |
| dapperlabs.com | 2018 | Vancouver, Canada | $665.59M | – | Blockchain-based games developer for PC and console | |
| animocabrands.com | 2006 | Kowloon, China | $997.58M | 177 | Blockchain-based PC and mobile games are developed and published. | |
| igg.com | 2005 | Singapore | $4.5M | – | Video game developer and publisher focusing on MMORPGs for mobile, browser and PC platforms | |
| ea.com | 1982 | Redwood, United States | – | 956 | Video game developers focused on core games | |
| lindenlab.com | 1999 | San Francisco, United States | $19M | 213 | Virtual reality games and platforms are developed by Linden Lab. | |
| immutable.com | 2018 | Surry Hills, Australia | $277.4M | – | Blockchain infrastructure for NFT games and applications is developed. | |
| activision.com | 1979 | Santa Monica, United States | – | 6,190 | Video games are developed and published by Activision. | |
| capcom.com | 1979 | Chuo, Japan | – | – | Video games and electronic machines are developed and distributed globally. | |
| activisionblizzard.com | 1991 | Santa Monica, United States | – | 7,924 | Video games are developed and published by Activision Blizzard. |
Detailed competitors of Karmaverse
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Top companies in Gaming Platforms & Ecosystem
10 companies that operate in the same segment as Karmaverse (Gaming Platforms & Ecosystem), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Digital entertainment, e-commerce, and financial services are provided globally. | 2006 | Singapore, Singapore, Singapore | USD 721.47 M | USD 22.94 B | 3,733 | |
Gaming hardware and accessories are developed for players. | 2005 | Irvine, California, United States | USD 126.27 M | – | 1,981 | |
Provider of cross-platform game engine technology | 1991 | Cary, North Carolina, United States | USD 8.13 B | – | 11,961 | |
VR-based head-mounted displays for gaming are provided by Oculus. | 2012 | Menlo Park, California, United States | USD 107.05 M | – | – | |
ESports social video streaming platform | 2006 | San Francisco, California, United States | USD 35.12 M | – | – | |
Microsoft is recognized for software, hardware, and gaming solutions. | 1975 | Redmond, Washington, United States | – | USD 281.72 B | 228,000 | |
Blockchain-based PC and mobile games are developed and published. | 2006 | Kowloon, Hong Kong, China | USD 997.58 M | USD 101.34 M | 307 | |
Custom overlay apps for PC games are developed. | 2009 | Ramat Gan, Tel Aviv District, Israel | USD 149.74 M | – | – | |
Valve Corporation is engaged in gaming, digital distribution, and hardware development. | 1996 | Bellevue, Washington, United States | – | – | 1,855 | |
Unity is recognized as a leading real-time development platform. | 2004 | San Francisco, California, United States | USD 893.5 M | USD 1.85 B | 7,102 |
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Related news about Karmaverse
Complete news archive for Karmaverse
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Frequently Asked Questions about Karmaverse
Karmaverse was founded in 2021 and raised its 1st funding round 1 year after it was founded.
Karmaverse is headquartered in Beijing, China.
Scott Cheung is the current CEO of Karmaverse.
Karmaverse is a funded company, having raised a total of $8M across 3 funding rounds to date. The company's 1st funding round was a Seed of $2M, raised on Feb 2022.
Karmaverse was founded in 2021 in Beijing, China, within the blockchain gaming sector. PC and console-based NFT games are developed, such as The Far East, Karmaverse Zombie, and Old West World, all leveraging blockchain technology. An NFT marketplace is also provided to support trading and transactions. Operations focus on integrating non-fungible tokens into interactive gaming experiences across digital platforms.
Karmaverse's top competitors include Animoca Brands, Dapper Labs and Ubisoft.
Karmaverse has 15 investors. Key investors include OKX, HashKey Exchange, W3GG, Altonomy, and L2Y.