What is Xterio?
Xterio operates at the intersection of blockchain technology and gaming, positioning itself as a key player in the Web3 entertainment space. As a publisher, the company focuses on developing and launching decentralized games, aiming to bring immersive and engaging experiences to a global audience. Its strategic location in Switzerland, a hub for blockchain innovation, further solidifies its commitment to the burgeoning digital asset and gaming industries. The company's approach involves leveraging cutting-edge technology to create sustainable and player-centric gaming environments.
How much funding has Xterio raised?
Xterio has raised a total of $55M across 2 funding rounds:
Unspecified
$40M
Other Financing Round
$15M
Unspecified (2022): $40M with participation from FunPlus, Infinity Ventures Crypto (IVC, XPLA, Matrix Partners, FTX Ventures, Makers Fund, HashKey, Foresight Ventures, and Animoca Brands
Other Financing Round (2023): $15M led by Binance Labs
Key Investors in Xterio
Binance Labs
Binance Labs is the venture capital arm of Binance, the world's largest cryptocurrency exchange, focusing on investing in and incubating promising blockchain and cryptocurrency projects.
FunPlus
FunPlus is an independent game developer and publisher with a global presence, known for creating and distributing successful mobile games.
Makers Fund
Makers Fund is a global venture capital fund dedicated to supporting innovators and creators in the games and interactive entertainment industry, providing capital and strategic guidance.
What's next for Xterio?
With the recent influx of capital, Xterio is poised for accelerated growth and strategic development. The enterprise-level investment suggests a focus on scaling operations, expanding its portfolio of Web3 games, and potentially forging new partnerships within the blockchain and gaming communities. This backing will likely enable Xterio to enhance its technological infrastructure, attract top talent, and further solidify its market position. The company's trajectory indicates a strong commitment to innovation and a forward-looking strategy in the rapidly evolving Web3 gaming landscape.
See full Xterio company page
