fbpx

Lysto raises $12 Mn in pre-Series A round

Lysto, a platform for gamers, has raised over $12 million in its pre-Series A round. The round saw participation from institutional as well as gaming and crypto investors such as Square Peg, BEENEXT, Hashed, Tiger Global and Better Capital. Balaji Srinivasan, Paul Veradittakit, Binny Bansal and Bobby Ong and TM Lee among others, also participated.

In November 2021, the Bengaluru-based and Singapore-based startup had raised $3 million in its seed round  from marquee investors and angels.

Founded by Sadiq Ahamed,  Lysto provides tools for creating and selling NFTs. Moreover it  provides solutions to industries such as e-commerce, gaming, entertainment, animation, among others.

Lysto also announced ‘Proof of Play Protocol (PoPP)’, which aims to standardise gamer credentials and reputation across the industry. Gamers would also be able to showcase these credentials through an on-chain identity platform.

Lysto has become the 13th Indian-origin startup to raise early stage funding from Tiger Global. On Monday, academic-focused fintech startup Jodo raised $15 million in Series A financing round led by the New York-based fund.

Lysto seems to be an interesting startup with spurring new development on technology, information and internet platform. I’m certain this startup would keep on flourishing in its excursion ahead. Congratulations on your startup. May this new business bring you huge success and fulfillment.

Shishir Gupta, Founder and CEO, StartupLanes

Don’t keep wondering about funding, you can also raise funds. Learn how to raise funds here: Yes I want to raise funds.

If you are an emerging startup and are looking for investors to raise funds, StartupLanes has its own angel network and investment banking services and is connected to angel investors and VCs in 15 countries that ensure that our member startups have easy access to external funds to scale up constantly.

You can subscribe to our news posts by entering your email in the box on the right side of this page.

Check out our YouTube channel for insightful content from the Indian startup ecosystem.

Or join our Whatsapp group to interact with other founders: Yes, I want to join the Whatsapp group.

The right investment is key to beating inflation and growing your wealth. Do you wish to become an angel investor? Yes, I want to be an angel investor.

Are you a startup and facing challenges in your business? Do you want to grow your business? It is not as difficult as it sounds. Learn how to grow your business here- Yes, I want to grow my business.

Tags

top