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Beliver Raises $55 Million in Financing

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It is reported that the game start-up company Beliver founded by Michael Chow and Steven Snow, the former executives of the Bitcoin mining company Riot, comple…

Beliver Raises $55 Million in Financing

It is reported that the game start-up company Beliver founded by Michael Chow and Steven Snow, the former executives of the Bitcoin mining company Riot, completed the financing of US $55 million, and Lightspeed Venture Partners led the investment. The participants included Andreessen Horowitz (a16z), Bitkraft Ventures, Riot Games, 1Up Ventures, Don Thompson’s Cleveland Avenue and Michael D.

Beliver, a game company founded by former executives of the Bitcoin mining company Riot, completed a financing of $55 million

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Beliver, a game start-up company founded by Michael Chow and Steven Snow, former executives of Bitcoin mining company Riot, has raised $55 million in financing. The funding was led by Lightspeed Venture Partners, and participants included Andreessen Horowitz, Bitkraft Ventures, Riot Games, 1Up Ventures, Don Thompson’s Cleveland Avenue, and Michael D.

This recent funding is a strong indicator of the gaming industry’s growth and the increasing interest of investors in backing their development. Michael Chow and Steven Snow are renowned names in the gaming community for their involvement in Riot Games, creator of League of Legends, one of the most popular and successful online games of all time.

The funds raised will be utilized to launch Beliver, which will focus on bringing new and innovative games to the market. The company aims to bridge the gap between the gaming industry and blockchain technology, offering gamers more control and freedom in the games they play.

Lightspeed Venture Partners, one of the leading venture capital firms in Silicon Valley, has a long history of investing in successful companies, such as Snapchat, Nest, and Grubhub. They have expressed their confidence in the Beliver team, citing their experience, proven track record, and vision as reasons for backing their new venture.

Andreessen Horowitz, a16z, is another well-known venture capital firm that invests in tech companies at every stage of growth. They have already invested heavily in the gaming industry, providing substantial funding to Roblox, a popular online gaming platform.

In conclusion, Beliver’s recent funding shows the growing interest of investors in the gaming industry as an essential growth sector. With experienced founders and a vision to bring innovation to gaming, Beliver is poised to make a significant impact on the industry in the coming years.

Title: Beliver Raises $55 Million in Funding: A New Venture for Gamers and Blockchain Technology

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