COINOTAG news, on October 1, Web3’s pioneering MOBA chain game INFINITAR revealed the successful closure of its seed and angel financing rounds, amassing $2.9 million. Spearheaded by Lam Group, the funding saw substantial backing from AccelByte and Waterdrip Capital. The venture has now embarked on its Series A funding, targeting $9 million. This round is primarily led by Lam Group and AccelByte, attracting investments from AC Capital, DEX Ventures, and Mason Labs, with the enterprise’s valuation soaring to $150 million post-investment. A multitude of prominent investment firms are currently in active follow-up negotiations for continued funding, with finalizations expected imminently. INFINITAR, an AAA-level game, is strategically positioned within the GameFi sector. To date, it has garnered engagement from hundreds of Web3 communities spread across more than 20 nations and accumulated tens of thousands of downloads from both the Apple and Google app stores.
Source: https://en.coinotag.com/breakingnews/infinitar-raises-2-9-million-in-seed-and-angel-rounds-aims-for-9-million-in-series-a-funding-led-by-lam-group/