Crypto casinos have become a huge opportunity. Now, venture capitalists are piling in.
What’s happening:
- Crypto casino Monkey Tilt has raised $30M USD in a new Series A financing round
- The round was led by prominent crypto venture capital fund Pantera Capital
Why it matters:
- Crypto casinos have been on the rise, with many digital asset betting platforms seeing record breaking user growth and wager volume lately
By the numbers:
- Since inception, Monkey Tilt has raised $50M USD in venture capital funding
- Monkey Tilt is currently doing approximately $200M USD in monthly betting volume
Going deeper:
- Monkey Tilt has largely built their platform around partnerships with content creators and popular brands, which has dramatically scaled up their user growth globally
- Multiple other notable venture capital funds participated in the recent Series A financing, including Polychain Capital, Hack VC, Dream Ventures and live event streaming company PokerGo
