Beliver Raises $55 Million to Support their Online Gaming Platform

03/07/2023 15:41 • Tech Ticker • 123 views

It is reported that the game start-up company Beliver founded by Michael Chow and Steven Snow, the former executives of the Bitcoin mining company Riot, completed the financing of US $55 million, and Lightspeed Venture Partners led the investment. The participants included Andreessen Horowitz (a16z), Bitkraft Ventures, Riot Games, 1Up Ventures, Don Thompson’s Cleveland Avenue and Michael D.

Beliver, a game company founded by former executives of the Bitcoin mining company Riot, completed a financing of $55 million

Analysis based on this information:

Beliver, a game start-up company formerly led by executives from Riot, the Bitcoin mining company, has reportedly raised $55 million of financing led by Lightspeed Venture Partners. Notable participants in the round included Andreessen Horowitz (a16z), Bitkraft Ventures, 1Up Ventures, Don Thompson’s Cleveland Avenue, and Michael D.

This news has been widely reported within the gaming and tech industries, signifying significant growth potential for Beliver’s online gaming platform. Beliver’s co-founder, Michael Chow, has said that the funding will support the startup as they work to continue improving their platform capabilities and enhance the overall gaming experience for their users.

Interestingly, the fact that Riot Games also participated in this financing round may suggest that there could be potential collaboration between the two companies in the future. Furthermore, the participation of Andreessen Horowitz and Bitkraft Ventures highlights the significant interest from Silicon Valley VCs in the gaming industry.

The gaming industry has continued to see explosive growth over the past few years, with the global gaming market projected to reach $200 billion by 2023. The ongoing COVID-19 pandemic has only accelerated this trend, as more people turn to online entertainment options to stay connected with others from their homes.

Beliver’s platform provides gamers with new ways to connect and interact with one another, enhancing the overall gaming experience. The platform includes features such as interactive live streams, social gaming experiences, and e-commerce options for purchasing in-game items.

Overall, this funding round is a significant milestone for Beliver and the gaming industry as a whole, highlighting the growing demand for online entertainment and highlighting the significant potential for innovative startups in this space. With the support of top VCs and industry players, Beliver is well-positioned to continue growing and expanding the capabilities of its platform in the months and years to come.

Title: Game Start-Up Beliver Raises $55 Million in Latest Financing Round

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