LinQ has announced a fresh infusion of $2.3 million in funding. This follows their earlier $1.5 million pre-seed round led by a16z SPEEDRUN. The additional capital has been secured from prominent investors, including Drive by DraftKings, Sharp Alpha Advisors, and MiddleGame Ventures, alongside continued support from a16z SPEEDRUN.
LinQ is revolutionizing mobile game development with RMG integration
LinQ is revolutionizing the mobile gaming landscape by providing a comprehensive platform that enables top mobile game developers to transition seamlessly into the real-money gaming (RMG) sector. With an estimated value of $13 billion in 2023 and projected growth to $40 billion by 2028, the RMG market represents a lucrative opportunity for game developers looking to diversify their revenue streams.
Strategic partnerships and Industry support
LinQ has forged strong relationships with global game publishers and established strategic partnerships with industry giants like Azur Games and Mamboo/My.Games. These collaborations underscore LinQ’s credibility and major players’ trust in its platform.
With our innovative scaling strategy and fresh, skill-based gaming approach, we empower users worldwide to leverage their skills and win real money. Thanks to LinQ, this process is not only secure but also remarkably fast and convenient for our customers.
Ivan Lesh, CEO of Mamboo
Addressing market challenges
The mobile gaming faces significant challenges, particularly in maintaining net-positive unit economics for once-successful games.
Mobile gaming faces challenges, with many once-successful games struggling to maintain net-positive unit economics. While RMG stands out as the only growing category, there is currently no other working solution for top game developers to enter it quickly, except LinQ. We can provide all the tools and the legal support they require.
Kevin Cubitt, Co-founder at LinQ
Our mission is to enable real-life economies in games — with money, assets, transactions, and marketplaces. We believe that our infrastructure offers the building blocks for a new wave that could be even bigger than free-to-play.
Dmitry Vysotski, Co-founder at LinQ
The largest gaming publishers in the world are racing to launch new monetization features but are often hamstrung by complicated, location-specific compliance requirements that are expensive and complicated to adhere to. LinQ provides a turnkey, enterprise-quality, full-stack fintech solution so developers can focus on making great games and retaining customers.
Lloyd Danzig, a strategic advisor
Investor confidence and industry endorsement
Dmitry and Kevin’s regulatory-first approach, working directly with acquiring partners, not only provides a new way for gaming publishers to unlock additional revenue streams and drive user engagement, but also enables banks and financial institutions to tap into the fast-growing market for the first time.
Kanishk Walia, MGV Partner
LinQ’s founders bring a wealth of experience and success in their respective fields. Kevin Cubitt, the CEO of a European-regulated lender, led the company to full FCA regulatory approval and a successful exit in 2020. He has also been a seasoned investor in multiple global disruptors in tech and blockchain.
Dmitry Vysotski is a tech entrepreneur, repeat founder and angel investor. In 2010, he co-founded Profitero, a leading e-commerce measurement company. Profitero secured over $34 million in funding and grew to over 350 staff with global offices. It was acquired by Publicis Groupe in 2022 for over $200 million.
The future of LinQ
With the additional funding, LinQ is poised to accelerate its growth and support more developers in entering the lucrative RMG market. Their platform offers a promising solution for developers facing the challenges of compliance and operational complexities, providing the tools necessary to succeed in a rapidly expanding market.
Visit LinQ’s website at linq.gg to learn more about its innovative solutions and to contact the company directly.
