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Arena - Pre-Seed
Overview
Funding Date
October 15, 2024
Financing amount
$2M
Valuation
--
Catagory
Subcategory
About Arena - Pre-Seed
The Arena - a next generation SocialFi app redefining how creators connect, engage, and monetize their content - is pleased to announce the close of a $2M pre-seed round. The round consisted predominantly of strategic angel investors and partners who the team believes will allow them to scale the app to the next level.
Investors include Blizzard (the Avalanche Ecosystem Fund), members of the Ava Labs and Avalanche leadership team, Balaji Srinivasan, Abstract Ventures, D1 Ventures, Saron Funds, Alpha Crypto Capital and other angels with backgrounds from Galaxy Digital, Fenbushi, Republic, Espresso Systems, Efficient Frontier and Dao5. A social hub built on Avalanche, The Arena also welcomed participation from select partners across the ecosystem, including the teams of Trader Joe and Benqi.
Investors
| Investors | Type | Location | Year Founded | #Portfolio Companies | Email Address | Socials |
|---|---|---|---|---|---|---|
| Fund | -- | -- | 43 | -- | ||
| Angel Investor | United States of America | -- | 117 | -- | ||
| Fund | United States of America | 2016 | 9 | -- | ||
| Fund | China | 2019 | 51 | hello@d1.ventures | ||
| Fund | United States of America | 2018 | 1 | -- | ||
| Fund | -- | -- | 2 | -- |
Founders & Team
Jason Desimone
Phillip Liu Jr.
Company Profile / Project Introduction
The Arena is a next generation SocialFi app redefining how creators connect, engage, and monetize their content. Built on Avalanche and formerly known as Stars Arena, the platform was acquired by a new team in November 2023 and rebuilt after near collapse to become one of the top SocialFi apps in the entire industry across all blockchains. With an emphasis on building a multichain culture and expanding outside of Web3 to a mass audience, The Arena blends the virality of social media with the power of web3. In addition to creating all different forms of content, users can buy and trade "tickets" to gain private access to content creators while creators earn fees on each transaction.