Forte Labs
Founded Year
2018Stage
Series B | AliveTotal Raised
$910MLast Raised
$725M | 3 yrs agoMosaic Score The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.
-118 points in the past 30 days
About Forte Labs
Forte Labs focuses on economic technology for games and operates within the gaming and blockchain industries. The company provides a platform that integrates blockchain technologies into games, enabling features such as token wallets, non-fungible token (NFT) minting and selling, and other services for managing digital and virtual assets. It primarily caters to the gaming industry. It was founded in 2018 and is based in San Francisco, California.
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Research containing Forte Labs
Get data-driven expert analysis from the CB Insights Intelligence Unit.
CB Insights Intelligence Analysts have mentioned Forte Labs in 2 CB Insights research briefs, most recently on Jul 29, 2022.
Jul 29, 2022
Where a16z is investing in crypto and blockchain
Mar 1, 2022 report
The Blockchain 50: The top blockchain companies of 2022Expert Collections containing Forte Labs
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
Forte Labs is included in 4 Expert Collections, including Unicorns- Billion Dollar Startups.
Unicorns- Billion Dollar Startups
1,257 items
Blockchain
12,856 items
Companies in this collection build, apply, and analyze blockchain and cryptocurrency technologies for business or consumer use cases. Categories include blockchain infrastructure and development, crypto & DeFi, Web3, NFTs, gaming, supply chain, enterprise blockchain, and more.
Gaming
5,681 items
Gaming companies are defined as those developing technologies for the PC, console, mobile, and/or AR/VR video gaming market.
Blockchain 50
50 items
Forte Labs Patents
Forte Labs has filed 7 patents.
The 3 most popular patent topics include:
- alternative currencies
- blockchains
- cryptocurrencies
Application Date | Grant Date | Title | Related Topics | Status |
|---|---|---|---|---|
10/9/2020 | 11/26/2024 | Cryptocurrencies, Alternative currencies, Payment systems, Blockchains, Bitcoin | Grant |
Application Date | 10/9/2020 |
|---|---|
Grant Date | 11/26/2024 |
Title | |
Related Topics | Cryptocurrencies, Alternative currencies, Payment systems, Blockchains, Bitcoin |
Status | Grant |
Latest Forte Labs News
Nov 12, 2024
MTG spent $620 million to buy Plarium and 'significantly accelerate our ambition to build a strong ecosystem that can support gaming companies.' At a Glance For the second time in its 15-year life, Plarium has a new parent company and 'multiple avenues to deliver synergies' for MTG Modern Times Group (MTG) has bought Raid: Shadow Legends creator Plarium for a meaty $620 million. That purchase, according to MTG's announcement, equates to almost an entire year of revenue for Plarium. Between September 2023 to September 2024, the Israeli studio generated $613 million in revenue, up 1.2 percent from the 2022-2023 fiscal year. In that same 12-month period, Raid grew by 2.3 percent from the preious year. Plarium was first picked up by Australian casino company Aristocrat in 2017, a year prior to Raid's launch. Like MTG, Aristocraft bought the studio for a hefty sum (back then, $500 million); in the years since, Raid has become one of the biggest (and most-aggressively marketed) mobile games, and Plarium has released fellow phone titles Undersea: Solitaire Tripleaks and Mech Arena: Robot Showdown. Prior to this acquisition, Aristocrat sold off Rumble Games—then a subsidiary of Plarium—to blockchain company Forte Labs in 2023. Rumble was closed down this past July. For MTG , the acquisition offers "multiple avenues to deliver synergies" and a way to "substantially improve" its cash flow generation. It also expressed interest in Plarium's technology and expertise in live-ops, marketing, and monetization "to drive commercial synergies and further improve the group’s performance over the long term." "The acquisition of Plarium enables us to significantly accelerate our ambition to build a strong ecosystem that can support gaming companies," said games EVP Arnd Benninghoff. "We are delighted to welcome Plarium into our Gaming Village, where their world-leading evergreen games can continue to shine." Plarium, for its part, has not yet commented on its new boss, or how it will affect development for Raid or any of its other games. Read more about:
Forte Labs Frequently Asked Questions (FAQ)
When was Forte Labs founded?
Forte Labs was founded in 2018.
Where is Forte Labs's headquarters?
Forte Labs's headquarters is located at San Francisco.
What is Forte Labs's latest funding round?
Forte Labs's latest funding round is Series B.
How much did Forte Labs raise?
Forte Labs raised a total of $910M.
Who are the investors of Forte Labs?
Investors of Forte Labs include Andreessen Horowitz, Overwolf, PlayStudios, Animoca Brands, Polygon Studios and 15 more.
Who are Forte Labs's competitors?
Competitors of Forte Labs include Polygon and 2 more.
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