Toronto-based Helika has recently concluded a successful Series A funding round, raising an impressive $10.8 million CAD (approximately USD 8 million). The financing round aims to fuel the expansion of its cutting-edge Web3 gaming analytics platform, further solidifying its position in the rapidly evolving gaming landscape.
Among Helika’s notable clientele is Yuga Labs, the renowned studio behind the highly coveted Bored Ape Yacht Club NFT series, which underscores the platform’s relevance and appeal within the burgeoning Web3 gaming ecosystem.
The oversubscribed equity round, which concluded last week, was spearheaded by leading blockchain venture fund Pantera Capital. Notable returning investors include Sparkle Ventures, Diagram Ventures, and Sfermion, signaling continued confidence and support in Helika’s vision and trajectory. Additionally, prominent industry figures such as Marc Alloul, W Investments managing partner, Damon Gura, CEO of Web3 gaming studio InfiniGods, and Spencer Tucker, Yuga Labs’ chief gaming officer, joined the investment pool, further validating Helika’s potential and market relevance.
Helika’s remarkable growth journey is underscored by its achievement of surpassing seven figures in revenue within a year, a testament to its innovative approach and strong market demand. To date, the company has raised an impressive $12.5 million USD in funding, reflecting investor confidence and the platform’s promising trajectory.
Commenting on the investment, Pantera Capital partner Franklin Bi expressed excitement about Helika’s potential, highlighting the critical role of its AI Game Engine in the rapidly evolving gaming landscape. Bi emphasized the importance of analytics and infrastructure in driving user growth and engagement, positioning Helika as a pivotal player in facilitating this transition.
Founded in 2022 by CEO Anton Umnov, CPO Lucas Fulks, and CTO Cori Crohman, Helika has quickly emerged as a leader in the Web3 gaming analytics space. The company’s AI-powered suite of products offers a comprehensive solution for aggregating data across multiple chains, social media platforms, and games. By synthesizing this data into actionable insights, Helika empowers game developers to enhance player engagement, retention, and monetization strategies effectively.
Helika’s previous success in securing a $4 million CAD seed round led by Diagram Ventures in March 2023 underscores its rapid ascent and market traction within NFT communities and prominent game studios. The platform’s impressive roster of clients includes esteemed Web3 gaming studios such as Wildcard Alliance, WAGMI, Treasure, and Yuga Labs, further solidifying its reputation and market relevance.
Looking ahead, Helika is poised to capitalize on its momentum by expanding its AI-powered game management products and venturing into the Asia-Pacific market. With a strong foundation and unwavering commitment to innovation, Helika is well-positioned to shape the future of Web3 gaming analytics and drive meaningful impact across the global gaming landscape.