ArenaX Labs Raises $6 Million in Funding

by Kay Aloha Villamor in January 10th, 2024

ArenaX Labs, a Toronto, Canada-based technology company focused on teaching artificial intelligence (AI) through gaming, has raised $6 million in funding.  

SaaS Investors  

The round was led by Framework Ventures, with participation from SevenX Ventures, FunPlus / Xterio, and Moore Strategic Ventures.   

Founded in 2019, Framework Ventures is a venture capital firm based in San Francisco, California. The firm seeks to invest in the decentralized blockchain technology sector.  

ArenaX Labs Use of Funds  

The company will use the funds to further develop AI Arena, a game where human players collect AI-powered characters and train them in fighting strategies.   

About ArenaX Labs  

Founded in 2021, ArenaX Labs is a company developing AI Arena, a player-versus-player game platform, an Ethereum native game where players all over the world can purchase, train and battle NFT characters powered by artificial intelligence. ArenaX Labs is on a mission to democratize AI through fun, competitive, and groundbreaking experiences.  

Funding Details            

Company: ArenaX Labs Inc.   

Raised: $6.0M      

Round: Unknown    

Funding Month: January 2024                   

Lead Investors: Framework Ventures  

Additional Investors: SevenX Ventures, FunPlus / Xterio, and Moore Strategic Ventures  

Company Website:   

Software Category: AI Gaming   




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