Immortal Game, a company launching a web3 chess platform and marketplace raises $12 million in Series A round led by TCG crypto. Tthe round includes several other leading tech and entertainment VC specialists - Cassius, Greenfield One, Sparkle Ventures (supported by the Sandbox Founders and Animoca Brands) Kevin Durant and Rich Kleiman's 35V, Blockwall, Kraken Ventures, and Spice Capital.
Immortal Game was founded in March 2021 led by serial entrepreneurs Thomas Zaepffel, David Cingala and Geoffroy Mestrallet each with track records of building successful ventures. The company had previously raised $3.5 million in seed funding earlier in the year with a round co-led by Cassius and Greenfield One that was also backed by GFC, Kraken Ventures, Moonfire, Kima Ventures, Blockwall and BlackPool DAO.
Immortal Game will use the funding to accelerate the momentum of its product as well as expand into key markets including India, US and Europe. In fact, India is by far the most crucial market as it gets around 1/4th of the total traffic globally.
Commenting on his association with Immortal Game, Grandmaster Vidit Santosh Gujrathi said, “I've always wanted to contribute towards the growth of the Chess community. It is great to see that Chess is now not only a recreational sport but people are planning to pursue it as a career. I feel privileged to be associated with Immortal Game. They've come up with a unique project with the idea of involving top Chess players and giving them a real feel of an online event. I am eagerly looking forward to this association and look forward to work closely with the IGE team, ambassadors and especially the community.”
Thomas Zaepffel, CEO at Immortal Game commented: “An inflection point in the adoption of blockchain technology for consumer gaming has been reached. Chess is a centuries old game that benefits from this technology, preserving its heritage while attracting a new group of players. We are excited for the support of 50 Grand Masters as we continue to broaden the reach of this incredible game.”
“Immortal Game is at the cutting-edge of games and blockchain technology,” said Jesse Jacobs, Co-Founder and Partner, TCG. “The team is world-class, the product is excellent and the vision is inspiring. We’re excited to partner with Thomas, David and Geoffroy as they expand the gaming experience for passionate communities in new and exciting ways.”