PortalOne Raises $15M In Seed Round Funding

PortalOne recently announced it secured $15 million in the seed round of funding. Some of the main investors are Atari, ARRI, Founders Fund, TQ Ventures, Coatue Management, Rogue Capital Partners, Signia Venture Partners, Seedcamp, Talis Capital, and SNÖ Ventures out of Europe. Other individuals that led this round include Twitch co-founder Kevin Lin, Blizzard and Dreamhaven co-founder Mike Morhaime, Riot Games co-founder Marc Merrill Xen Lategan, and Eugene Wei, the former head of Video at Oculus.

“One of the benefits of building first is that what we are doing is extremely hard to do on a technical level,” said co-founder and CEO Bård Anders Kasin. “The way we do it is the key. It is our secret sauce.”

PortalOne is a hybrid gaming start-up company that is developing an app to bring together gaming and video streaming. The app allows individuals to play on-demand games while also giving users a chance to watch events that feature special guests.

PortalOne is an Oslo-based company that was founded in 2018. The organization opened its beta in June of 2020 with the PortalOne Arcade.

(All information was provided by Tech Crunch and Tech EU)

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