About Proof of Play
Proof of Play is a company based in New York (United States) founded in 2022 by Craig Woida and Amitt Mahajan.. Proof of Play has raised $33 million across 1 funding round from investors including Zynga, Alchemy and Anchorage Digital. Proof of Play offers products and services including Pirate Nation, Marketplace, and Random Number Generator. Proof of Play operates in a competitive market with competitors including Yuliverse, Eidos-Montreal, Big Time Studios, Illuvium and Heroes & Empires, among others.
- Headquarter New York, United States
- Founders Craig Woida, Amitt Mahajan
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Sectors
Media & EntertainmentFinancial Services
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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
$33 M (USD)
in 1 rounds
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Latest Funding Round
$33 M (USD), Seed
Sep 22, 2023
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Investors
Zynga
& 9 more
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Employee Count
Employee Count
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Products & Services of Proof of Play
Proof of Play offers a comprehensive portfolio of products and services, including Pirate Nation, Marketplace, and Random Number Generator. 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.
Onchain game for questing, crafting, and battling players.
Platform for buying and selling blockchain-based assets.
Secure VRF for generating verifiable randomness in apps.
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Funding Insights of Proof of Play
Proof of Play has successfully raised a total of $33M through 1 strategic funding round. The most recent funding activity was a Seed round of $33 million completed in September 2023. 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 1
- Last Round Seed — $33.0M
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First Round
First Round
(22 Sep 2023)
- Investors Count 10
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Sep, 2023 | Amount | Seed - Proof of Play | Valuation | Chris Dixon , Neil Mehta |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 Proof of Play
Proof of Play has secured backing from 10 investors, including angel, institutional, and venture fund investors. Prominent investors backing the company include Zynga, Alchemy and Anchorage Digital. 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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Early-stage investments are directed toward US, India, and Canada firms.
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Crypto platform for institutions with integrated financial services and infrastructure solutions
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Casual games developer and publisher for mobile and web platforms
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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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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 Proof of Play
| 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 - Proof of Play
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 |
Proof Of Play Comparisons
Competitors of Proof of Play
Proof of Play 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 Yuliverse, Eidos-Montreal, Big Time Studios, Illuvium and Heroes & Empires, 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 |
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| domain | founded_year | HQ Location |
Online platform for role-play-based NFT games
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Role-playing and adventure video games are developed by the studio.
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Blockchain-integrated video games are developed for multiplayer action RPGs.
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NFT-focused open-world RPGs are developed on blockchain.
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| domain | founded_year | HQ Location |
Blockchain marketplace for games and digital collectibles is provided.
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Blockchain-based strategy game with NFT trading and governance is offered.
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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 Proof Of Play
Frequently Asked Questions about Proof of Play
When was Proof of Play founded?
Proof of Play was founded in 2022 and raised its 1st funding round 1 year after it was founded.
Where is Proof of Play located?
Proof of Play is headquartered in New York, United States. It is registered at New York, New York, United States.
Who is the current CEO of Proof of Play?
Amitt Mahajan is the current CEO of Proof of Play. They have also founded this company.
Is Proof of Play a funded company?
Proof of Play is a funded company, having raised a total of $33M across 1 funding round to date. The company's 1st funding round was a Seed of $33M, raised on Sep 22, 2023.
What does Proof of Play do?
Proof of Play was founded in 2022 in New York, United States, as a blockchain game studio. On-chain games are created using open-source technology, with control and ownership provided to players. Operations focus on generation-defining titles, including the role-playing game Pirate Nation. The studios domain is proofofplay.com, and it is led by co-founders Craig Woida and Amitt Mahajan as CEO.
Who are the top competitors of Proof of Play?
Proof of Play's top competitors include Big Time Studios, Illuvium and Trailblazer Games.
What products or services does Proof of Play offer?
Proof of Play offers Pirate Nation, Marketplace, and Random Number Generator.
Who are Proof of Play's investors?
Proof of Play has 10 investors. Key investors include Zynga, Alchemy, Anchorage Digital, Chris Dixon, and Neil Mehta.