MyPrize Secures $21m in Strategic Funding to Accelerate Global Social Casino Expansion
The investment round included follow-on participation from existing backers Dragonfly and Boxcars Ventures, alongside several prominent family offices. It brings the company’s total funding to date to $38 million.
Multiplayer social casino startup MyPrize has raised $21 million in a strategic funding round, valuing the business at a $250 million cap and signalling a major step forward in its rapid global growth.
The investment round included follow-on participation from existing backers Dragonfly and Boxcars Ventures, alongside several prominent family offices. It brings the company’s total funding to date to $38 million.
Founded by Zach Bruch in 2023 and officially launched in 2024, MyPrize offers a next-generation, free-to-play social casino experience that allows players to interact with creators, streamers, and friends in a shared multiplayer environment.
The new capital will be used to scale MyPrize’s technology platform, grow its creator network, and deepen user engagement. According to the company, the platform is on pace to exceed $100 million in annual revenue and reach profitability by the end of 2025.
“This feat is nearly unprecedented for a company in the first two years after founding and one year following product launch,” MyPrize said in a statement.
Founder and CEO Zach Bruch commented:
“The growth we are seeing at MyPrize proves that social gaming has fully arrived to the US market and there is massive demand for a more engaging, creator-driven approach to online gaming. The nature of entertainment has fundamentally changed with speculation taking centre stage.
As users embrace this new frontier, MyPrize is ushering in the golden age of online entertainment, powered by our proprietary AI retention and engagement platform and best-in-class player and creator experience.
Our latest fundraise will unlock the next phase of our exponential growth curve and open the MyPrize platform to thousands of new creators, celebrities, and all-new markets globally.”
The company said it remains focused on providing superior experiences for players and creators alike, blending entertainment, gaming, and community in a way that is reshaping the online casino space.
