October 09, 2024
Dragonz Lab, a UK-based Web3 gaming studio, has announced a $9 million funding round led by Syndicate Capital Limited Partnership Fund (LPF), which focuses on Web3, Blockchain, and AI investments. This investment aims to boost the development of Dragonz Land, a Play-2-Earn game that emphasizes digital property rights and the Web3 ecosystem.
Project | Latest Raise | Latest Raise Date | Lead Investor | Category |
|---|---|---|---|---|
Dragonz Lab | $9M | October 09, 2024 | Syndicate Capital | Gaming |
With support from Syndicate Capital LPF, Dragonz Lab will use the funds to further develop Dragonz Land’s ecosystem, which already has over 5.3 million monthly active users. The enhancements will include new features like PvP tournaments, strategic guild collaborations, and a customer loyalty program.
Andy Chen, Representative of Co-General Partner of Syndicate Capital LPF and Board Member of Dragonz Lab, highlighted that partnering with Syndicate Capital LPF marks a significant advancement for the Dragonz ecosystem. As a leader in the Web3 space, their expertise in creating ecosystems around loyalty programs aligns with their goal of developing a sustainable and engaging gaming environment. This strategic investment and collaboration will enhance game development and offer users innovative digital assets and property rights, boosting user acquisition and retention in the Web3 space.
About Dragonz Lab
Dragonz Lab is a UK-based Web3 gaming studio known for its innovative Play-2-Earn game, Dragonz Land. This game combines unique NFT cards with dynamic gameplay, allowing players to buy, collect, level up, and trade cards across 16 different factions. Players can also earn in-game tokens by completing various tasks and participating in PvP tournaments and guild collaborations. With over 5.3 million monthly active users, Dragonz Land offers an engaging and immersive experience, blending community interaction with strategic gameplay.
Website: https://www.dragonz.land/
About Investor
Investor: Syndicate Capital
Syndicate Capital is an international investment conglomerate that focuses on co-investments in mid-market companies alongside core and specialist sponsors. They aim to connect entrepreneurs with high-net-worth individuals, private investors, family offices, and financial institutions. Syndicate Capital emphasizes sustainable investing and targets sectors like artificial intelligence, blockchain, fintech, greentech, education, proptech, natural resources, and healthcare. Their goal is to support high-growth companies while promoting environmental, social, and governance (ESG) principles.
Location: Hong Kong
Website: https://www.syndicatecapital.com/
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