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Illuvium Secures $12M Investment to Advance NFT Interoperability in Ethereum

Ethereum-based interoperable blockchain gaming platform Illuvium has joined a growing list of Web 3.0 companies receiving investments from venture capitalists this year.

On Wednesday, March 26, the company announced the successful completion of a $12 million investment round led by four venture capital companies: King River Capital, Arrington Capital, Animoca Brands, and The Spartan Group. Other companies such as P2 Ventures, Nomura’s Laser Digital, 32-Bit, and Seven Capital also contributed to the series A funding round.

Illuvium Set to Launch New Game Titles This Year

The firm, founded by Kieran Warwick, who serves as CEO, Aaron Warwick, and Grant Warwick, has conducted a series of fundraising events in the past.

Last year, Illuvium received $10 million in an investment round in May. However, with the latest round, the company has accumulated a total of $60 million in funding.

Unlike the previous fundraisings, the blockchain gaming studio plans to use its latest investment to expand its gaming offerings and build on user experience.

🤝Series A Funding Raise Closed

🎉 We’ve successfully closed our Series A funding, raising $12M from top industry firms! This allows us to expand our ga...