Funding round of $21 million completed by MyPrize, setting a valuation of $250 million.
MyPrize Aims to Revolutionize Social Gaming with $21m Funding
MyPrize, a multiplayer social casino operator, has recently secured a strategic funding round of $21 million at a valuation cap of $250 million. This investment will be used to accelerate the growth and expansion of the company in the social casino market.
Founded by Zach Bruch in 2023, MyPrize has made significant strides in the US market, with its launch in 2024 marking the arrival of social gaming in full force. The company is on track to surpass $100 million in annual revenue and is projected to reach profitability by the end of 2025.
MyPrize offers a free-to-play social casino integrating multiplayer gaming experiences, aiming to provide superior experiences for both players and creators. The company's growth in the first two years after founding and one year following product launch is nearly unprecedented, indicating a massive demand for a more engaging, creator-driven approach to online gaming.
Typical growth strategies in the social casino sector after such funding include scaling user acquisition through aggressive marketing campaigns, expanding game offerings, enhancing platform features, and potentially exploring new markets or partnerships. Given MyPrize's positioning as a multiplayer social casino, it is likely to focus on strengthening social and multiplayer aspects to differentiate itself, leveraging this funding round to enhance user experience and market presence aggressively.
Entertainment has fundamentally changed, with MyPrize's growth reflecting this shift. The company is ushering in the golden age of online entertainment, powered by its proprietary AI retention and engagement platform. The latest fundraise for MyPrize will unlock its website phase of exponential growth, opening the platform to thousands of new creators, celebrities, and all-new markets globally.
To date, MyPrize has raised a total of $38 million. The newly secured funding will be used to accelerate MyPrize's growth and scale its technology platform, positioning the company for even greater success in the future. As the social gaming market continues to evolve, MyPrize is poised to lead the charge, offering a best-in-class player and creator experience.
[1] MyPrize Closes $21m Strategic Funding Round at a $250m Valuation (2025) [2] Expanding Game Libraries for Increased Engagement and Retention (2023) [3] Utilizing Bonuses, Promotions, and Paid Digital Ads for Rapid Player Acquisition (2022) [4] Introducing VIP Programs, Daily Bonuses, and Jackpots for Player Retention (2021) [5] Leveraging Social Features to Maintain a Loyal Community (2020)
- MyPrize's recent $21 million investment will allow them to revolutionize the social gaming landscape by expanding their casino-and-gambling offerings, enhancing their technology platform, and leveraging gambling trends for a superior player and creator experience.
- As a multiplayer social casino operator, MyPrize aims to differentiate itself by focusing on strengthening social and multiplayer aspects, scaling user acquisition through aggressive marketing campaigns, and offering unique casino-games to maintain a loyal community.
- With the latest fundraise, MyPrize will unlock its website phase of exponential growth, opening the platform to thousands of new creators, celebrities, and markets worldwide, and positioning themselves for even greater success in the future.
- As entertainment evolves, MyPrize is poised to lead the charge, ushering in the golden age of online entertainment with their proprietary AI retention and engagement platform, driving growth in casino-platform technology and gaming trends.
