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.

This fundraising news was reported on 2024-01-28. For more information about Beamable, visit their headquarters at Boston, MA.