About Sky Mavis
Sky Mavis is a company based in Singapore (Singapore) founded in 2019 by Aleksander Leonard Larsen and Trung Nguyen.. Sky Mavis has raised $311 million across 5 funding rounds from investors including Binance, Consensys and Animoca Brands. Sky Mavis offers products and services including Axie Infinity, Ronin, and Mavis Ecosystem. Sky Mavis operates in a competitive market with competitors including Dapper Labs, Animoca Brands, Immutable, Jambo and Enjin, among others.
- Headquarter Singapore, Singapore
- Founders Aleksander Leonard Larsen, Trung Nguyen
- Stage Unicorn
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Sectors
TechnologyMedia & Entertainment Financial Services
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Phone
*********
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Website
*********
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Social
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- Legal Name Sky Mavis Pte. Ltd.
- Jurisdiction Bangalore North, Karnataka, India
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Annual Revenue
$403.09 K (USD)19.31as on Mar 31, 2022
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Net Profit
$26.11 K (USD)-14.87as on Mar 31, 2022
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EBITDA
$31.2 K (USD)28.43as on Mar 31, 2022
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Total Equity Funding
$311 M (USD)
in 5 rounds
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Latest Funding Round
$150 M (USD), Series B
Apr 06, 2022
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Investors
Binance
& 23 more
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Employee Count
Employee Count
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Products & Services of Sky Mavis
Sky Mavis offers a comprehensive portfolio of products and services, including Axie Infinity, Ronin, and Mavis Ecosystem. 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.
A game for collecting and battling creatures on blockchain.
EVM blockchain designed for gaming economies.
Tools for building and scaling blockchain games.
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Product Management Team
8 people
Software Development Team
4 people
Legal and Compliance
4 people
Growth Team
3 people
Leadership Team
2 people
Human Resources and Administration
2 people
Creative and Marketing Team
2 people
Data Analysis and Operations Team
2 people
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Funding Insights of Sky Mavis
Sky Mavis has successfully raised a total of $311M across 5 strategic funding rounds. The most recent funding activity was a Series B round of $150 million completed in April 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 5
- Last Round Series B — $150.0M
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First Round
First Round
(07 Nov 2019)
- Investors Count 24
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2022 | Amount | Series B - Sky Mavis | Valuation | Binance | |
| Jan, 2022 | Amount | Series B - Sky Mavis | Valuation |
investors |
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| Oct, 2021 | Amount | Series B - Sky Mavis | Valuation | a16z |
| 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 Sky Mavis
Sky Mavis has secured backing from 24 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include Binance, Consensys and Animoca Brands. 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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Venture capital investments in technology sectors are handled by Andreessen Horowitz.
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Founded Year | Domain | Location | |
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Venture capital investments are directed toward crypto-assets and Web3 businesses.
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Founded Year | Domain | Location | |
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Accel is recognized as a leading venture capital firm.
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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 Sky Mavis
| 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 - Sky Mavis
| 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 |
Sky Mavis Comparisons
Competitors of Sky Mavis
Sky Mavis 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 Dapper Labs, Animoca Brands, Immutable, Jambo and Enjin, 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-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 |
Blockchain infrastructure for NFT games and applications is developed.
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| domain | founded_year | HQ Location |
Web3 mobile infrastructure solutions are developed for a super app.
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| domain | founded_year | HQ Location |
Virtual assets are created via a blockchain-based gaming platform.
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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 Sky Mavis
Frequently Asked Questions about Sky Mavis
When was Sky Mavis founded?
Sky Mavis was founded in 2019.
Where is Sky Mavis located?
Sky Mavis is headquartered in Singapore, Singapore.
Who is the current CEO of Sky Mavis?
Trung Nguyen is the current CEO of Sky Mavis. They have also founded this company.
Is Sky Mavis a funded company?
Sky Mavis is a funded company, having raised a total of $311M across 5 funding rounds to date. The company's 1st funding round was a Series B of $152M, raised on Nov 07, 2019.
What is the annual revenue of Sky Mavis?
Annual revenue of Sky Mavis is $403.09K as on Mar 31, 2022.
What does Sky Mavis do?
Sky Mavis was founded in 2019 and is headquartered in Singapore. Operations center on the development of blockchain-integrated video games, particularly those incorporating non-fungible tokens (NFTs) for strategy and role-playing experiences. Axie Infinity, a key title from the studio, is accessible on PC platforms. The company operates within the gaming and blockchain sectors, emphasizing digital asset integration in interactive entertainment.
Who are the top competitors of Sky Mavis?
Sky Mavis's top competitors include Animoca Brands, Dapper Labs and Immutable.
What products or services does Sky Mavis offer?
Sky Mavis offers Axie Infinity, Ronin, and Mavis Ecosystem.
Who are Sky Mavis's investors?
Sky Mavis has 24 investors. Key investors include Binance, Consensys, Animoca Brands, FTX, and Accel.
What is Sky Mavis's valuation?
The valuation of Sky Mavis is $3B as of Oct 2021.
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