Horizon Closes $40M Series A Funding Led by Brevan Howard Digital and Morgan Creek Digital

According to Bloomberg News, Horizon, a blockchain game company headquartered in Toronto, Canada, announced the completion of a US$40 million Series A financing, led by Brevan Howard Digital and Morgan Creek Digital, and traditional video game companies Ubisoft Entertainment SA and Take-Two Interactive Software, Inc. Participating in the investment, the company has not yet disclosed the valuation of this round of financing, but according to PitchBook data, its valuation has reached 89.5 million US dollars after the last round of financing last year. Horizon founder and CEO Peter Kieltyka said that he will use the funds to continue building its products and services, including the Sequence developer platform, the digital asset market Niftyswap, and the virtual NFT trading card game Skyweaver, and will increase the team size from 60 people expanded to 90 people.