About Karmaverse
Karmaverse is a company based in Beijing (China) founded in 2021.. Karmaverse has raised $8 million across 3 funding rounds from investors including OKX, HashKey Exchange and W3GG. Karmaverse operates in a competitive market with competitors including Ubisoft, Dapper Labs, Animoca Brands, IGG and Electronic Arts, among others.
- Headquarter Beijing, China
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Sectors
Media & Entertainment
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Email
***********
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Phone
*********
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Website
*********
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$8 M (USD)
in 3 rounds
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Latest Funding Round
$1.06 M (USD), Token Sale
Mar 29, 2022
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Investors
OKX
& 14 more
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Employee Count
Employee Count
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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 Total Funding
- Total Rounds 3
- Last Round Token Sale — $1.1M
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First Round
First Round
(11 Feb 2022)
- Investors Count 15
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2022 | Amount | Token Sale - Karmaverse | Valuation |
investors |
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| Feb, 2022 | Amount | Series A - Karmaverse | Valuation | A&T Capital | |
| Feb, 2022 | Amount | Seed - Karmaverse | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Blockchain startups are funded by A&T Capital venture capital firm.
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Founded Year | Domain | Location | |
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Blockchain sector focus is maintained by venture capital-backed accelerator.
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Founded Year | Domain | Location | |
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Early-stage tech startups are invested in by GSR Ventures.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Karmaverse
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Karmaverse
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Karmaverse Comparisons
Competitors of Karmaverse
Karmaverse operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Ubisoft, Dapper Labs, Animoca Brands, IGG and Electronic Arts, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Video games are developed and published by Ubisoft worldwide.
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| domain | founded_year | HQ Location |
Blockchain-based games developer for PC and console
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| domain | founded_year | HQ Location |
Blockchain-based PC and mobile games are developed and published.
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| domain | founded_year | HQ Location |
Video game developer and publisher focusing on MMORPGs for mobile, browser and PC platforms
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| domain | founded_year | HQ Location |
Video game developers focused on core games
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| domain | founded_year | HQ Location |
Virtual reality games and platforms are developed by Linden Lab.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Karmaverse
Frequently Asked Questions about Karmaverse
When was Karmaverse founded?
Karmaverse was founded in 2021 and raised its 1st funding round 1 year after it was founded.
Where is Karmaverse located?
Karmaverse is headquartered in Beijing, China.
Who is the current CEO of Karmaverse?
Scott Cheung is the current CEO of Karmaverse.
Is Karmaverse a funded company?
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 11, 2022.
What does Karmaverse do?
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.
Who are the top competitors of Karmaverse?
Karmaverse's top competitors include Animoca Brands, Dapper Labs and Ubisoft.
Who are Karmaverse's investors?
Karmaverse has 15 investors. Key investors include OKX, HashKey Exchange, W3GG, Altonomy, and L2Y.
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