Forte Labs Inc - KANDO profile

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Website

https://www.forte.io

Corporate information

Official name

Forte Labs Inc

Also known as

Forte

Company type

Economic technology for video games.

Overview

Forte is building economic technology for games. Its end-to-end platform enables the emergence of community economics, a system where the interests of game developers and players are aligned, leading to healthier, sustainable game communities. The team is composed of longtime industry members (Unity, ngmoco, Riot Games, Electronic Arts, Sony, and Rockstar Games, among others), and is currently working with over 20 acclaimed game developers from across the industry to reimagine the economics of games.

Funding rounds

Series A USD 185,000,000

USD 185,000,000 (20 May 2021 ) at USD 1,000,000,000 pre-money valuation
Funding "to accelerate development of its economic technology which lets developers easily create NFTs and FTs, and build scalable token-based video game economies".

	Profile	Country	Notes
Griffin Gaming Partners			Initial investment. Led the round.
Andreessen Horowitz (a16z), (AH Capital Management LLC)	Venture capital firm founded by Marc Andreessen and Ben Horowitz	United States	Initial investment.
Battery Ventures LP	Venture capital firm	United States	Initial investment.
Canaan Partners	Venture capital firm with a focus on early stage technology and healthcare companies	United States	Initial investment.
Union Grove Venture Partners			Initial investment.