Lysto, a company that provides gamers with digital credentials, recently announced it had secured $12 million in a Pre-Series A funding round. As a result, the company has been able to raise $15 million to date since its founding last year.
Square Peg, BEENEXT, Hashed, Tiger Global, and Better Capital also participated in this most recent investment round. Additional investors in the round include Balaji Srinivasan, Paul Veradittakit, Binny Bansal, Bobby Ong, and TM Lee.
“We are excited by the interplay of gaming and crypto, especially when combined with this team’s unique credentials and their passion to bring crypto to the masses. The team is early in the journey yet has built out great capabilities in the space,” said Tushar Roy, partner at Square Peg.
Lysto has said that this money will be used to further develop its technology platform. Beyond that, these funds will help the company scale its business activities and create tools for the issuance of digital credentials.
(All information was provided by Inc42)