Helika Secures $10.8M CAD in Series A Funding to Propel Web3 Gaming Analytics Platform Expansion

Toronto-based Helika has recently concluded an oversubscribed $10.8-million CAD ($8 million USD) Series A funding round, marking a significant milestone in its mission to expand its Web3 gaming analytics platform.

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The funding round, which saw strong support from notable investors, was spearheaded by blockchain venture fund Pantera Capital, alongside returning investors Sparkle Ventures, Diagram Ventures, and Sfermion. Additional contributors include prominent figures like Marc Alloul of W Investments, Damon Gura of InfiniGods, and Spencer Tucker, the chief gaming officer at Yuga Labs.

Helika, founded in 2022 by CEO Anton Umnov, CPO Lucas Fulks, and CTO Cori Crohman, has made remarkable strides in a short span.
With claims of surpassing seven figures in revenue within a year and a total funding of $12.5 million USD to date, the company is poised for further growth.
The company's AI-powered suite of products is designed to aggregate data from various sources, including blockchain networks, social media platforms, and gaming ecosystems. Through advanced analytics, Helika aims to provide actionable insights to enhance player engagement, retention, and monetization strategies for gaming developers.

Partner at Pantera Capital, Franklin Bi, emphasized the critical role Helika's AI Game Engine will play in the rapidly evolving gaming landscape, particularly with the emergence of Web3 technologies.
“As the gaming world starts to evolve with the speed of AI and the power of Web3, Helika’s AI Game Engine will become a critical tool for every builder.”

Franklin Bi, Partner at Pantera Capital
“We’re excited to partner with the Helika team to lead their Series A, as they build the analytics and infrastructure that every great team in Web3 and Web2 will eventually need to drive user growth and engagement.”

Helika's previous success with its $4 million CAD seed round in March 2023, led by Diagram Ventures, underscores the confidence investors have in its vision. Ken Nguyen, Head of Crypto at Diagram Ventures, commended Helika's impressive traction within NFT communities and major game studios.

Among Helika's notable clients are leading Web3 gaming studios such as Wildcard Alliance, WAGMI, Treasure, and Yuga Labs, known for the iconic Bored Ape Yacht Club NFT series. Having established a strong presence in North America and Europe, Helika now sets its sights on penetrating the Asia-Pacific market.

CEO Anton Umnov expressed confidence in the company's ability to continue innovating in AI-powered game management and expand its reach to new territories.
“This funding round will enable us to grow our team, improve our product, connect more sources of data from other blockchains, and continue to gather insights to share with the Web3 community."

Anton Umno, CEO of Helika
Helika's latest funding round marks a significant milestone in its journey towards revolutionizing analytics in the gaming industry, promising exciting prospects for the future of Web3 gaming.