VersusGame has announced the closing of a $25 million Series A financing round. The company said it plans to use the funding to drive product development, partnerships with media companies and brands, while building relationships with creators and engagement with players.
Investors in the Series A include APEX Capital, Brightstone Capital Partners, Feld Ventures, Gaingels, Kombo Ventures, Lifeline Ventures, Moonshots Capital, NewView Capital, Republic Capital and TribeJoint Amenti, alongside individual investors TV personality and digital star David Dobrik, Jeff Gaspin, former chair of NBC Universal Television, media personality Harry Jowsey and Andrew Romans, and Millennial and Generation Z fashion retailer REVOLVE.
“Knowledge is power and through VersusGame we are empowering the people to profit from that in a fun and exciting way through competition,” said John Vitti, founder and CEO of VersusGame. “Today’s funding close is a significant moment to drive engagement and reward people by seeing their value. It’s time to give back, not just take.”
The VersusGame offers a mobile gaming platform where users worldwide watch video-based prediction questions and use their knowledge to predict the consequences of culture. Hundreds of creators, content publishers and brands publish their videos in an interactive game format, allowing players to make free, entertainment guesses against friends, influencers and celebrities, or win cash and other rewards via the VersusGame app, mobile website, Snapchat and Instagram channels.
VersusGame-powered predictions are also available through leading publishers such as Billboard and BuzzFeed, and the biggest names in news, music, sports and entertainment have created prediction games on the platform, including ESPN, UFC and The Walking Dead.
VersusGame says that currently over 800 influencers and celebrities, in addition to media partners, create predictions through its platform. The company also says creators on the platform are making millions of dollars per year competing with their fans.
“The VersusGame platform built around people’s habits and knowledge is engineered for growth,” said Ankit Sud, principal at NewView Capital. “Coupled with a passionate founding team and the rise of social gaming, we believe VersusGame is positioned for success in today’s connected world.”