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Horizon Has Raised $40M In Series A Round

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Horizon, the developer of the non-fungible token (NFT) trading card game Skyweaver, has raised $40 million in a Series A funding round. The round was led by Brevan Howard Digital and Morgan Creek Digital. It also notably included investments from traditional gaming companies Ubisoft and Take-Two Interactive. 

Other participants in the round included Polygon, Bitkraft Ventures, CMT Digital, Quantstamp, Round13 Capital, Xchange, and Everyrealm, as well as individual investors, including Shopify CEO Tobias Lütke, Sandbox co-founder Sebastien Borget and Axie Infinity co-founder Aleksander Larsen.

Peter Kieltyka, co-founder and CEO, stated that the blockchain-based gaming startup plans to use the capital to build out its Sequence developer platform, Niftyswap marketplace, and Skyweaver game and to hire more staff.

Skyweaver is described as an online game where players can battle other players using fantasy-based trading cards in the form of NFTs. Apparently as of June 2022, more than 400,000 accounts have been created on the platform.

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