About ParamLabs
ParamLabs is a company based in New York (United States) founded in 2021 by Anthony Anderson.. ParamLabs has raised $7 million across 2 funding rounds from investors including Animoca Brands, Delphi Ventures and Cypher Capital. ParamLabs offers products and services including Multiplayer Games and Technology Solutions. ParamLabs operates in a competitive market with competitors including Blockus, Alliance Games, N3MUS, Nexus Interactive and TOKYO GameFi, among others.
- Headquarter New York, United States
- Founders Anthony Anderson
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Sectors
Media & Entertainment
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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
$7 M (USD)
in 2 rounds
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Latest Funding Round
$25 K (USD), Token Sale
May 29, 2024
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Investors
Animoca Brands
& 2 more
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Employee Count
Employee Count
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Products & Services of ParamLabs
ParamLabs offers a comprehensive portfolio of products and services, including Multiplayer Games and Technology Solutions. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Development of interactive multiplayer gaming experiences for users.
Creation of innovative tech for gaming and related applications.
Funding Insights of ParamLabs
ParamLabs has successfully raised a total of $7M across 2 strategic funding rounds. The most recent funding activity was a Token Sale round of $25 thousand completed in May 2024. 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 2
- Last Round Token Sale — $25,000
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First Round
First Round
(15 Mar 2024)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2024 | Amount | Token Sale - ParamLabs | Valuation |
investors |
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| Mar, 2024 | Amount | Seed - ParamLabs | Valuation | Animoca Brands |
| 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 ParamLabs
ParamLabs has secured backing from 3 investors, including institutional and venture fund investors. Prominent investors backing the company include Animoca Brands, Delphi Ventures and Cypher Capital. 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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Investments are made in life sciences firms across all stages.
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Founded Year | Domain | Location | |
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Early-stage venture capital investments in digital assets are provided.
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Founded Year | Domain | Location | |
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Blockchain-based PC and mobile games are developed and published.
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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 ParamLabs
| 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 - ParamLabs
| 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 |
Paramlabs Comparisons
Competitors of ParamLabs
ParamLabs 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 Blockus, Alliance Games, N3MUS, Nexus Interactive and TOKYO GameFi, 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 |
Blockchain games are developed by Blockus for gaming studios' onboarding.
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| domain | founded_year | HQ Location |
Developer of blockchain based games
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| domain | founded_year | HQ Location |
Blockchain-based platform connects gamers to digital technology.
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| domain | founded_year | HQ Location |
Game development platforms are built for digital entertainment ecosystems.
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| domain | founded_year | HQ Location |
Various categories of games are developed by TOKYO GameFi studio.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| 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 Paramlabs
Frequently Asked Questions about ParamLabs
When was ParamLabs founded?
ParamLabs was founded in 2021 and raised its 1st funding round 3 years after it was founded.
Where is ParamLabs located?
ParamLabs is headquartered in New York, United States. It is registered at New York, New York, United States.
Who is the current CEO of ParamLabs?
Anthony Anderson is the current CEO of ParamLabs. They have also founded this company.
Is ParamLabs a funded company?
ParamLabs is a funded company, having raised a total of $7M across 2 funding rounds to date. The company's 1st funding round was a Seed of $7M, raised on Mar 15, 2024.
What does ParamLabs do?
Developer of blockchain games. It is a computer game development studio specializing in multiplayer games. The company has launched kiraverse, a massively-multiplayer online game where players can battle and earn with others. They have partnered with animoca brands to advance the web3 ecosystem development.
Who are the top competitors of ParamLabs?
ParamLabs's top competitors include Alliance Games, Nexus Interactive and N3MUS.
What products or services does ParamLabs offer?
ParamLabs offers Multiplayer Games and Technology Solutions.
Who are ParamLabs's investors?
ParamLabs has 3 investors. Key investors include Animoca Brands, Delphi Ventures, and Cypher Capital.
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