Web3 multi-gaming platform Circle of Games (COG) has raised $1 million in equity funding from Nazara Technologies FZ LLC, (a wholly-owned subsidiary of the Nazara Technologies Limited) and The Hashgraph Association, a Swiss-based organization.
The proceeds will be used to fast-track its go-to-market strategy, improve platform capabilities, and widen its international presence in the US, EU, Middle East & Africa, and Asia in 2024.
Founded by Rabilal Thapa (CEO), Rajeeb VC (CTO), and Rohit Tiwari (CMO), Circle of Games has gained over 250,000 registered Android users, with its user base expanding rapidly. The platform is scheduled to launch its app on iOS devices by Q2.
With over 250,000 registered users, COG plans to expand its gaming portfolio from the current six games to over ten games by Q4 2024.
COG client base includes web3 projects and ecosystems worldwide, namely Chingari, Solana, Foundership, KGeN/IndiGGMetarun, TheFishVerse, NinjaGames and various Gaming Guilds/DAOs, among others. These partnerships provide COG unique and immediate access to a 500 million gaming community in over 50 countries.
Recently, Nazara announced that it has planned to invest $100 million towards mergers and acquisitions (M&A) within the next 24 months.
