Bring It On secures $4 million funding to develop skill-based games like Road Trip Bingo

Date:

Bring It On, a game development company, has secured $4 million in seed funding to create skill-based games like Road Trip Bingo. The funding round was led by Acies Investments, with participation from Kona Venture Partners, My.Games Venture Capital (MGVC), Overwolf, Lalotte Ventures, and several angel investors.

The main purpose of the funding is to further develop Bring It On’s flagship game, Road Trip Bingo, which allows players to compete against each other for real cash prizes. This type of skill-based game is legal in approximately 40 states in the U.S., and Road Trip Bingo is now available in the iOS app store. Players can place wagers and play competitively against each other.

Leonard Frankel, CEO of Bring It On, highlighted the potential in the skill games market and mentioned that there is room for innovation and deep entertainment experiences within this field. He emphasized the importance of providing engaging gameplay, even when real money is involved.

Road Trip Bingo introduces unique features such as a progression metagame, daub tools, and innovative game types. The game has already gained traction, with players racking up 150,000 games to date. The funding will also contribute to the development of Bring It On’s next game.

The founders of Bring It On, Leonard Frankel, Alex Adonin, and Matan Liberman, have extensive experience in the mobile gaming industry. They have previously held senior positions at major game companies and have successfully scaled games to millions of players.

The company was established in 2022, during a time when many mobile game companies were facing challenges due to Apple’s privacy-focused approach impacting targeted marketing. Skill-based games, however, attract players who are willing to spend money, which presents an opportunity for growth.

See also  Customer Service Shock: British Gas at Bottom, Octopus Energy Soars in Annual Energy Ranking

Despite operating in a challenging global economy, Bring It On successfully raised funds from investors who have a strong track record in the gaming industry. The company has a team of 10 people, which operates remotely, and embraces a flat hierarchy and remote coordination. AI technology is utilized in various aspects of production, such as art, copywriting, marketing assets, and economy balancing.

The new funding will enable Bring It On to expand further into the skill games market, which is expected to grow rapidly in the future. The company’s innovative approach to game development and experienced team positions it well for success in this space. The funding will also support the growth of the team.

Leonard Frankel expressed his confidence in the team and their ability to scale Road Trip Bingo and expand Bring It On’s game portfolio. He stated that the company is selective in its hiring process, involving everyone on the team in the decision-making process.

Overall, Bring It On is poised to capitalize on the growing demand for skill-based games and deliver unique and entertaining experiences to players.

Frequently Asked Questions (FAQs) Related to the Above News

What is Bring It On?

Bring It On is a game development company that specializes in creating skill-based games like Road Trip Bingo.

How much funding did Bring It On secure?

Bring It On secured $4 million in seed funding.

Who led the funding round?

The funding round was led by Acies Investments, with participation from Kona Venture Partners, My.Games Venture Capital (MGVC), Overwolf, Lalotte Ventures, and several angel investors.

What is the main purpose of the funding?

The main purpose of the funding is to further develop Bring It On's flagship game, Road Trip Bingo, and create more skill-based games.

What makes Road Trip Bingo unique?

Road Trip Bingo introduces unique features such as a progression metagame, daub tools, and innovative game types.

How many games have players racked up in Road Trip Bingo so far?

Players have racked up 150,000 games in Road Trip Bingo to date.

What is the background of Bring It On's founders?

The founders of Bring It On, Leonard Frankel, Alex Adonin, and Matan Liberman, have extensive experience in the mobile gaming industry, holding senior positions at major game companies.

When was Bring It On established?

Bring It On was established in 2022.

How does Bring It On utilize AI technology in production?

AI technology is utilized in various aspects of production, such as art, copywriting, marketing assets, and economy balancing.

How does Bring It On plan to expand in the skill games market?

The new funding will enable Bring It On to expand further into the skill games market, allowing them to develop new games and grow their team.

What is Leonard Frankel's outlook for Bring It On's future?

Leonard Frankel expressed confidence in the team and their ability to scale Road Trip Bingo and expand Bring It On's game portfolio, aiming to deliver unique and entertaining experiences to players in the skill games market.

Please note that the FAQs provided on this page are based on the news article published. While we strive to provide accurate and up-to-date information, it is always recommended to consult relevant authorities or professionals before making any decisions or taking action based on the FAQs or the news article.

Advait Gupta
Advait Gupta
Advait is our expert writer and manager for the Artificial Intelligence category. His passion for AI research and its advancements drives him to deliver in-depth articles that explore the frontiers of this rapidly evolving field. Advait's articles delve into the latest breakthroughs, trends, and ethical considerations, keeping readers at the forefront of AI knowledge.

Share post:

Subscribe

Popular

More like this
Related

Chinese Scientists Develop Groundbreaking AI Tool for Cancer Diagnosis

Chinese scientists develop AI tool TORCH for cancer diagnosis, exceeding human pathologists' accuracy. Promising implications for improved patient outcomes.

Meta Unveils Llama 3: 70B-Parameter AI Model With Massive Performance Boost

Meta unveils cutting-edge Llama 3 AI models with massive performance boost. Trained on 15 trillion tokens, poised to challenge industry giants.

New Nothing Ear Buds Revolutionize Sound Quality and AI Integration

Revolutionize your audio experience with Nothing's new Ear and Ear (a) earbuds, offering premium sound quality and AI integration.

Nothing Launches Highly-Anticipated TWS Earbuds at Unbeatable Prices

Discover Nothing's highly-anticipated TWS Earbuds with ChatGPT integration, exceptional sound quality, and unbeatable prices. Shop now!