Battlegrounds Developer, CEBG Game, Completes $3M Private Equity Financing Round

04/19/2023 12:48 • Metaverse Matters • 222 views

According to reports, CEBG Game, the developer of the Web3 multiplayer online tactical and competitive game Battlegrounds, announced on social media that it has completed a $3 million private equity round financing, with participation from Youbi Capital, GSR Ventures, A&T Capital, and others. Battlegrounds currently supports iOS and Android systems, and has launched two game modes: PvE and PvP. Players can receive motivation by completing game tasks.

Web3 game Battlegrounds developer CEBG Game completes $3 million private equity round financing

CEBG Game, the developer behind the multiplayer online tactical and competitive game Battlegrounds, has announced that it has successfully completed a $3 million private equity round financing. The funding was led by venture capital firms Youbi Capital, GSR Ventures, and A&T Capital among others. This recent development is expected to fuel their expansion plans and further the growth and development of their already popular game.

Overview of Battlegrounds

Battlegrounds is a Web3 multiplayer online game that supports iOS and Android systems. It is a tactical and competitive gameplay that offers players two modes of play, PvE and PvP. In the game, players are presented with various tasks that are aimed at improving their skills and abilities. By completing these tasks, players are rewarded with points and other incentives that serve as a motivation to keep playing.

PvE Mode

The Player-versus-Environment or PvE mode involves players playing against computer-controlled teams, testing their strategic gameplay while facing different in-game challenges.

PvP Mode

The Player-versus-Player or PvP mode is a more competitive mode where players play against or alongside other players, testing their skills against real human players worldwide.

Funding Investment and Expansion Plans

CEBG Game has announced that the $3 million private equity financing round will be used to fuel its expansion plans. As part of its expansion strategy, the company plans to improve on the gameplay, features, and graphics of the game. These new improvements will help to keep players engaged and invested in the game.
Moreover, the developer plans to roll out the game to more countries while improving its marketing and user acquisition efforts. Through increased collaboration with affiliate marketing partners, other game studios, and online influencers, the game is poised to gain more exposure and receive more sign-ups.

Conclusion

The successful completion of the $3 million private equity financing round is a significant milestone for CEBG Game, and it is expected to help the company strengthen its position in the gaming industry. Additionally, the expansion plan for Battlegrounds has been well thought out, and we expect to see the game continue to grow in popularity.

FAQs

1. Is Battlegrounds free to play?

Yes, Battlegrounds is free to play. However, in-game purchases are available to unlock certain features and incentives.

2. Can I play Battlegrounds on my PC?

Currently, Battlegrounds is only available on iOS and Android devices. The developer has not announced any plans to release a PC version of the game.

3. What is the future of Battlegrounds with the funding received?

The funding received will be used to improve the gameplay, features, and graphics of the game. The developer also plans to improve its marketing and user acquisition efforts while expanding the game to more countries.

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