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GameFi Platform Polemos successfully raised $14 million

Polemos, a GameFi platform and play-for-money guild, announced a $14 million seed round on Monday. This brings the startup and upcoming decentralized autonomous organization (DAO) to a $100 million post-money valuation.

Polemos co-founder, Sascha Zehe, told Blockworks.

“We have significant costs for technology development, and that’s the part where we want to scale both the team and the contractors to build better and faster [on] the technology platform. which we want to take into space,” Zehe said.

Polemos currently has about 25 employees but is expected to reach at least 50 by the end of the year.

Framework Ventures and Delphi Digital are the top two investors.

Michael Anderson, co-founder of Framework Ventures, told Blockworks that gaming guilds like Polemos are “the potential next stage of what e-commerce franchising could look like”.

“Clan [is] something that has existed in games for a long time, but now that we have NFT, we have a large pool of players involved in these games. “The role of a guild has a much more obvious function in this ecosystem than it used to,” says Anderson. “It’s a property management division, a technology company division, a recruiting and marketing department.”

Other participants in the round include QCP, GoldenTree, IOSG and LD Capital, along with the founders of Sushiswap, COTI, Tokemak and Altered State Machine.

Last year, Polemos announced a $2 million strategic capital raise at a $40 million valuation.