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.png "Monkey Tilt Secures $30 Million in Series A Funding to Revolutionize Social Online Gambling")
3:06 AM · Nov 21, 2024 – Monkey Tilt, an innovative online gaming platform blending traditional casino experiences with enhanced social features, has announced a successful $30 million Series A funding round. This investment, led by Pantera Capital, with participation from Polychain Capital, PokerGo, Hack VC, Dream Ventures, Accomplice, Mirana, and Josh Hannah, will fuel Monkey Tilt's expansion and development efforts, solidifying its position at the forefront of the evolving online gambling landscape.
Monkey Tilt's platform offers a unique and engaging experience, combining classic casino games like dealer-led craps and roulette, a 24/7 sportsbook, and upcoming poker and crypto features. The company's vision is to transform online gambling from a solitary activity into a dynamic social experience, mirroring the excitement and camaraderie of a night out in Las Vegas.
Key Features and Differentiators:
- Social Integration: Monkey Tilt prioritizes social interaction, incorporating a live chat function that allows users to connect, share their experiences, and even donate portions of their winnings to each other. This fosters a sense of community and shared excitement, setting Monkey Tilt apart from traditional online gambling platforms.
- Entertainment-First Approach: Beyond the games themselves, Monkey Tilt is building a recognizable brand through strategic partnerships with celebrities, influencers, and content creators. This approach aims to create engaging content that resonates with a wider audience and drives user acquisition.
- Comprehensive Platform: Monkey Tilt provides a diverse range of gaming options, including casino classics, sports betting, and forthcoming poker and crypto products. This all-in-one platform caters to a broad spectrum of players and interests.
- Gamified Crypto Trading: Set to launch in Q1 2025, Monkey Tilt's gamified crypto trading product will further enhance the platform's appeal to crypto enthusiasts and offer innovative ways to engage with digital assets.
- Strong Leadership: Founded and led by CEO Sam Kiki, a seasoned veteran of the casino industry, Monkey Tilt benefits from a deep understanding of both traditional and online gambling markets.
Funding Details and Investor Highlights:
The $30 million Series A round was led by Pantera Capital, a leading blockchain-focused investment firm, and includes participation from prominent investors such as:
- Polychain Capital: A hedge fund focused on Web3 protocols.
- PokerGo: A leading poker entertainment company.
- Hack VC: A venture capital firm specializing in early-stage tech startups.
- Dream Ventures, Accomplice, and Mirana: Venture capital firms with a strong track record in supporting innovative companies.
- Josh Hannah: An angel investor with extensive experience in the tech and gaming sectors.
Future Plans and Growth:
Monkey Tilt plans to utilize the funding to expand its operations, enhance its platform's features, and further develop its marketing and advertising efforts. The company is committed to building a leading brand in the online gambling space, driven by its focus on social interaction, entertainment, and innovation.
About Monkey Tilt:
Monkey Tilt is an entertainment-first online gaming platform that blends traditional casino experiences with enhanced social features. Led by a team of industry experts, Monkey Tilt is committed to revolutionizing the online gambling landscape and creating a more engaging and social experience for players worldwide.
Compiled by CMO Intern team
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