Share this article
Axie Infinity Raising $150M at $3B Valuation: Report
A16z will lead the funding round for the video game company, according to The Information, which cited two unnamed sources.
By James Rubin
Updated May 11, 2023, 5:50 p.m. Published Oct 4, 2021, 9:39 p.m.
Blockchain-enabled play-to-earn video game Axie Infinity is raising about $150 million in a Series B funding round at a $3 billion valuation, according to reporting on Monday by The Information.
- Citing two unnamed sources “with direct knowledge of the deal,” The Information wrote that venture giant Andreessen Horowitz is leading the round.
- The monster-battling game, which uses non-fungible tokens (NFTs) to reward players, had revenue of 64,933.71 ether , which was worth $220.32 million, in September. That was down from a record $342 million in August, data center Axie World shows.
- But September’s figure still represents a nearly 3,000-fold year-over-year growth.
- Axie Infinity raised $7.5 million in a Series A funding round that was announced in May, according to Crunchbase. That round’s lead investor was Libertus Capital, and other investors included Reddit co-founder Alexis Ohanian, Dallas Mavericks owner Mark Cuban, the Collaborative Fund and 500 Startups Vietnam.
- In 2019 , Axie Infinity raised $1.5 million in a seed funding round that was led by mobile game publisher Animoca Brands.
- Launched by blockchain video game company Sky Mavis in 2018, Axie Infinity came into the spotlight in the early third quarter of this year as yield compression in bitcoin and decentralized finance (DeFi) drove hot money into gaming and NFTs.
- The game has become a significant source of income in such countries as Brazil, the Philippines, Venezuela and Vietnam. It’s become so popular in the Philippines that the government has expressed its intention to tax Axie players.
- Axie Infinity’s AXS token hit a record high on Monday after Axie announced last week that it would distribute over $60 million worth of tokens to its early adopters and launch staking capabilities.
UPDATE (Oct. 4, 21:56 UTC): Updated with additional background in sixth, seventh and eighth bullet points.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
UPDATE (Oct. 4, 22:12 UTC): Updated with information about Axie’s previous fundraising in fourth and fifth bullet points.
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Stripe Acqui-Hires Crypto Payments Startup Valora, Venturing Further Into Stablecoins
The team behind the Celo-based app is joining Stripe, while the intellectual property is returned to cLabs.
What to know:
- The team behind Valora, a crypto payments app, is joining Stripe to advance its blockchain and stablecoin integration.
- Stripe recently acquired crypto firms Bridge and Privy, and is developing with Paradigm the Tempo blockchain for stablecoin payments.
- Valora, built on the Celo network, became a standalone company in 2021 after raising $20 million.
Top Stories
