MyPrize, which operates the world’s fastest-growing multiplayer online social casino with a GMV over $1.2 billion, announced closing its $21 million funding round at a $250 million valuation from existing investors and family offices. This round, which includes previous lead investors Dragonfly and Boxcars Ventures, brings the total funding to $38 million.
Founded by Zach Bruch in late 2023 and launched in summer 2024, MyPrize is rapidly growing in the US online social gaming sector, expected to surpass $100M in annual revenue and reach profitability this year—a rare achievement for a company in its first two years.
The company’s growth is driven by a model that combines creator-led livestreaming with online games, offering sweepstakes prizes on MyPrize.us. With over $500M won by players, MyPrize demonstrates that innovation and scalability can thrive in a fast-paced consumer market.
How the funding will be used: The strategic funding will be used to accelerate MyPrize’s growth and scale its vertically integrated technology platform, driving better experiences for players and creators alike, powered by MyPrize’s proprietary AI personalization engine. As demand for real-time and socially driven gaming continues to rise, the new capital will also enable MyPrize to expand its reach, onboard more creators, and enhance the core product experience for players. MyPrize is building the first entertainment-native gaming platform, one where creators and communities drive engagement, loyalty, and long-term value.
KEY QUOTE:
“MyPrize has transformed online entertainment for both players and creators, and the momentum we’re seeing is just the beginning. The growth we are seeing at MyPrize proves that social gaming has fully arrived to the US market and there is massive demand for a more engaging, creator-driven approach to online gaming. The nature of entertainment has fundamentally changed with speculation taking center stage. As users embrace this new frontier, MyPrize is ushering in the golden age of online entertainment, powered by our proprietary AI retention and engagement platform and best-in-class player and creator experience. Our latest fundraise will unlock the next phase of our exponential growth curve and open the MyPrize platform to thousands of new creators, celebrities, and all-new markets globally.”
MyPrize Founder & CEO, Zach Bruch
