Beamable Raises $5M in Series A
Beamable has successfully raised $5M in a Series A at a $50M valuation led by Bitkraft Ventures.
Company Overview
Beamable is a Gaming company headquartered in Boston, MA, founded in 2017 with 40+ employees.
Backend platform for games
Fundraising Details
- Amount Raised: $5M
- Round Type: Series A
- Valuation: $50M
- Date: 2024-01-28
- Investors: Bitkraft Ventures
About Beamable
Backend platform for games The company is positioned in the Gaming sector, serving a growing market with innovative solutions.
Key Information
- Headquarters: Boston, MA
- Founded: 2017
- Team Size: 40+
- Industry: Gaming
What This Means
This funding round demonstrates strong investor confidence in Beamable's vision and execution. The capital will likely be used to:
- Scale Operations: Expand the team and operational capacity
- Product Development: Enhance existing products and develop new features
- Market Expansion: Enter new markets and strengthen presence in existing ones
- Technology Investment: Invest in infrastructure and technology capabilities
Industry Context
The Gaming sector continues to attract significant investment as companies innovate to meet evolving market demands. Beamable's successful fundraising reflects the strong fundamentals and growth potential in this space.
Valuation Milestone
Reaching a $50M valuation marks an important milestone for Beamable, positioning the company among notable players in the Gaming industry.
Looking Ahead
With this new capital, Beamable is well-positioned to execute on its growth strategy and continue building innovative solutions in the Gaming space. The company's trajectory will be one to watch as it deploys this funding to achieve its next phase of growth.
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This fundraising news was reported on 2024-01-28. For more information about Beamable, visit their headquarters at Boston, MA.
