Helika, a leading data analytics & infrastructure provider for traditional and web3 gaming, just announced the completion of its $8 Million Series A funding round. Pantera Capital led the funding round with participation from Sparkle Ventures, Diagram Ventures, and Sfermion.

Key executives from major web2 gaming studios including Scopely and SciPlay also participated in the round, including Spencer Tucker, Damon Gura, and Marc Alloul, to name a few. Anton Umnov, Co-Founder & CEO of Helika, commented in a press release, stating: 

"In the last 12 months, we have captured a dominant market share in the web3 gaming space under challenging market conditions. We are now ready to launch the next generation of AI-powered Game Management products to help our partners succeed. After our success in the US and Europe, we will continue growing our global footprint entering the APAC market. We are grateful for the vote of confidence from both our existing and new venture partners."

Gaming Analytics

Helika provides an end-to-end suite of products focusing on advanced off-chain and on-chain analytics, web2 and web3 attribution, along with LiveOps and A/B testing products to drive studios' profitability. The fresh funding is going towards the launch of Helika's AI-powered Game Management products. These products will help studios drive profitable user acquisition, retention, and engagement, and ultimately bring in higher profits for both traditional and web3 games.

Franklin Bi, Partner at Pantera Capital (a leading blockchain venture fund with $5B AUM and an early investor in Alchemy, Circle, and Arbitrum) shared enthusiasm, stating:

"Helika has simply built the best solution in the market for analyzing and growing web3 user activity. Their customers are among the top gaming studios and web3 consumer brands in the world. As the gaming world starts to evolve with the speed of AI and the power of web3, Helika's AI Game Engine will become a critical tool for every builder. We're excited to partner with the Helika team to lead their Series A, as they build the analytics and infrastructure that every great team in web3 and web2 will eventually need to drive user growth and engagement."

Top Tier Team

Helika's revenue has quickly surpassed seven figures in under a year, propelled by a robust product-market fit and ambitious product expansions, following a $4 million seed round led by Diagram Ventures in Q1 2023. With a combined 35-plus years in gaming, analytics, and AI, Helika's founding team, including Anton Umnov, Lucas Fulks, Cori Crohman, is well-equipped to deliver the best in class products and services for the gaming industry as a whole.

Special shoutout to Max Kaufman who is currently Head of BD & Marketing at Helika. Max has a wealth of experience in both web2 and web3 gaming. He is known by many as a thought leader in the gaming industry, helping to push the narrative of web3 forward and encourage mainstream adoption of web3 technologies in gaming. He was also one of our fabulous jury members for the GAM3 Awards this December 2023. 

Yat Siu, Animoca Brands' Co-Founder and Executive Chairman and Sparkle Ventures' Investment Committee Member, also commented on the announcement, stating: "Helika is a leader in web3 analytics, attribution and game management, working not only with Animoca Brands and our portfolio companies, but also with, Yuga, Wildcard and others. The investment Sparkle Venture made in Helika is a testament to Helika's strong market position and best-in-class products."

More About Helika?

Helika is an industry-leading data analytics, marketing, and game management platform focused on solving three main challenges for studios: driving profitable user acquisition growth, deriving impactful insights from disparate web2 and web3 data sources, and optimizing game experiences to improve player engagement, retention, and monetization.

Many top AAA studios, including Yuga Labs (Othersie Metaverse), Wildcard Alliance (Wildcard), WAGMI Games, Treasure Dao, Proof of Play (Pirate Nation), Pixelcraft Studios (Aavegotchi), Darewise Entertainment subsidiary of Animoca Brands (Life Beyond), BoomLand (Hunters On-Chain), Bazooka Tango (Shardbound), Azra Games (Legions and Legends), and many more rely on Helika to support their core analytics and infrastructure needs.

Existing investors include Big Brain Holdings, Sparkle Ventures, Sfermion, Diagram Ventures, Fenbushi Capital, StreamingFast, and angels such as Marc Alloul.

To learn more you can visit their website here.