MONTREAL–(BUSINESS WIRE)–WELL READYcreator of BR1: Infinite Royalethe first risk-based shooter, welcomes Shima Capital to its growing list of investors in its first $3.5 million funding round. BR1: Infinite Royale has developed a loyal following through a unique monetary model that allows players to pay $1 to appear and win FLOOR for each player killed. To play the game, visit https://www.br1game.com/.
Evan Ryer, CEO and Co-Founder of BRAVO READY, says, “When it’s fundraising, it’s not just about the money – it’s about reaching out to people with the relationships and expertise to help us accelerate our business. Shima Capital is an ideal partner for us because they have visibility and credibility in this sector and they bring incredible operational expertise to support their investment.
Shima Capital is an early-stage venture capital firm that invests in disruptive crypto and Web3 companies, and is backed by Dragonfly Capital, Digital Currency Group, Tiger Global, Bill Ackman and other strategic companies such as Huobi, ByBit, OKex, Animoca and Republic. The fund works closely with its founders to hire talent, build product/community, fundraise, and amplify their stories. Yida Gao (Forbes 30 Under 30), founder and managing partner of Shima Capital, was previously a technology investor at NEA (a $25 billion VC + AUM) and an M&A banker at Morgan Stanley.
“When we invest in Web3 game companies at Shima, we focus on projects that reach a certain threshold of entertainment that keeps gamers coming back in a sustainable way,” Gao said. “BR1’s innovative in-game functional NFTs have the perfect blend of social value (i.e. generating social capital and status) and utility value (i.e. NFTs providing players with loot) to cross that threshold that many games can’t.”
BRAVO READY co-founder Jon Cohen says, “Shima Capital is an upcoming player in the crypto space, and the experience and expertise of their founders speaks for itself. They are 100% behind our vision and execution strategy, and we consider them a valuable partner as we grow in the months and years to come. »
About BRAVO READY
WELL READY is a Montreal-based video game studio and creator of the world’s first risk-based shooter, BR1: Infinite Royale, which bridges the gap between NFT technology and win-win smart contract automation. This creates a radically different experience for gamers by allowing them to create tangible financial value throughout the time they engage in playing games and performing real-time crypto transactions as a central part of the game through play, rental and other interactions.
About Shima Capital
Shima Capital is a leading venture capital firm investing in disruptive blockchain companies. Shima is backed by Dragonfly Capital, Digital Currency Group, Tiger Global, Bill Ackman and other strategic partners (e.g. Huobi, ByBit, OKex, Animoca, Republic). The fund is deeply focused on taking a hands-on approach and working closely with its portfolio companies to provide the most equity per dollar invested. As Web3 teams push the boundaries of innovation, Shima helps hire talent, build community, amplify stories, and drive accelerated technical research and development. Shima is made up of seasoned investors, accomplished operators and former founders who have made it their mission to support star teams in building and scaling generational businesses.