GameFi Platform Polemos Secures $14M Seed Round

Blockworks Exclusive: The raise brings the startup to a $100 million valuation


Blockworks exclusive art by axel rangel


key takeaways

  • Framework Ventures and Delphi Digital are two of the leading investors in the round
  • Polemos announced a strategic funding round of $2 million in November

Polemos, a GameFi platform and play-to-earn guild, announced a $14 million seed round on Monday. This brings the startup and forthcoming decentralized autonomous organization (DAO) to a $100 million post-money valuation. 

The capital will go toward staff expansion, gaming investments and tech development, Polemos co-founder Sascha Zehe told Blockworks. 

“We have significant costs for the development of the tech, and that is one part where we want to heavily scale both the team and also contractors to build even better and faster [on the] main tech stack that we’re aiming to put into the space,” Zehe said. 

Polemos currently has around 25 employees but expects to reach at least 50 by the end of the year.  

Framework Ventures and Delphi Digital are two leading investors in the round. 

Michael Anderson, co-founder of Framework Ventures, told Blockworks that gaming guilds like Polemos are the “potential next phase of what an esports franchise could look like.”

“Guilds [are] something that have existed in games for a long time, but now that we have NFTs, we have massive swaths of players that are coming into these games. The role of a guild has a much more pronounced function within this ecosystem than previously,” Anderson said. “It’s one part asset management, one part technology company, and one part recruiting and marketing.”

Other participants in the round include QCP, GoldenTree, IOSG and LD Capital, along with the founders of Sushiswap, COTI, Tokemak and Altered State Machine.

Last year, Polemos announced a $2 million strategic raise at a $40 million valuation.

Don’t miss the next big story – join our free daily newsletter.


Upcoming Events

MON - WED, MARCH 18 - 20, 2024

Digital Asset Summit (DAS) is returning March 2024. What you can expect: And more! Don’t miss out on the opportunity to be in the room when the future of crypto is decided. Join us and help shape the future of our […]

recent research

Research report - cover graphics-2.jpg


Base has doubled-down on its commitment to the Superchain vision, has shown early signs of success with nearly $400M in TVL, and has become home to novel dapps such as which has seen significant traction.


The bitcoin halving slated for April 2024 — an event expected to spur upward price action for BTC — could be a boon for Block’s stock price, analysts say


Seed Club founder Jess Sloss is excited to “open the doors and let other people see what we’ve been seeing for the last few months”


Blockchain is a “natural fit” in games based on open economies and user-generated content, says Wyatt


Their current stance is a half-baked attempt that could stifle innovation and burden an emerging industry


Maker’s DeFi-focused “subDAO” passed a proposal activating a lending market for DAI on the Gnosis Chain


Certain creditors could be repaid sooner, with one hedge fund exec telling Blockworks it expects a payout by the end of the year