Social casino operator MyPrize said it closed a $21m strategic funding round at a $250m valuation cap. Dragonfly, Boxcars Ventures and family offices participated, the company said, bringing its total funding to $38m. MyPrize said it would use the investment to expand its platform and bring more creators onto the service.
The raise gives MyPrize capital to expand its social casino platform and creator network.
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Polymarket is reportedly in early discussions to raise capital at a valuation of $12 billion to $15 billion, according to people familiar with the talks. The discussions follow a reported $2 billion commitment from Intercontinental Exchange that valued Polymarket at about $8 billion earlier this month; no terms for the prospective fundraise were stated.
Bally’s submitted an unsolicited A$250m funding proposal to Star Entertainment, the company said in a letter to Star’s board shared with the ASX. The proposal would use convertible notes that could convert into at least 50.1% of Star’s shares, giving Bally’s a controlling stake. Star had not accepted the proposal in the supplied report.
Raven recently closed a financing round led by Coinbase Ventures and CMCC Global at a $90 million valuation, according to reports. The company did not disclose how much either investor contributed; CMCC co-founder Charlie Morris is joining Raven’s board.
Polymarket is seeking new funding at a $20bn valuation, according to Bloomberg reporting. The report follows an earlier reported $1bn round valuing the exchange at $15bn.
The Juroszek family has increased its stake in Gentoo Media from 26.8% to 59.3% through a €100m refinancing package. Two family-owned entities bought €50m of equity through a share issue, with a further €50m provided as a loan; Gentoo Media chief executive Jonas Warrer said the completed refinancing would enable full repayment of bonds due in December.
The Juroszek family has gained majority control of Gentoo Media following a €100m debt refinancing, according to the source. The family's holding rose from 26.8% to 59.3%.