Beryllium sports and trading game development platform

SAN FRANCISCO, June 15, 2021 (GLOBE NEWSWIRE) – Beryllium, an innovative game development startup that integrates trading mechanisms with emerging industries such as fantasy sports, today announced it has secured an investment of $ 3 million. dollars for its pre-Series A round led by Bullpen Capital. Other investors in the round include Singapore-based Genting Ventures and existing investor, Velo Partners, following a $ 600,000 round in November 2019.

The funding will be used to expand the Beryllium team and engineering resources, while also allowing the company to explore and facilitate more product possibilities, game formats and features. Beryllium aims to expand the product globally, while further developing its local technology headquarters in Singapore.

Beryllium was founded in 2019 by Amay Makhija, who recognized the challenges and difficulties many young people face when it comes to aspects of finance and commerce. With the vision to ensure that commerce engages the younger generation and the firm belief that commerce must be extended beyond traditional markets, Beryllium aims to ensure that users across sectors and industries are able to trade digitally. native and experience-oriented.

As a new generation of game developers, Beryllium aims to serve the fast growing fantasy services industry globally. The Beryllium platform provides an out-of-the-box licensed solution to companies around the world looking for innovative sports-fintech games.

Commenting on the successful fundraiser, Amay Makhija, Founder of Beryllium, said: “As a strong supporter of integrating trading mechanics into game design, our fantasy sports trading engine has really set us apart from the crowd. classic fantasy leagues. We aim to engage and empower the younger generation with knowledge about how trading works and hope to add value to this space by creating a platform that ensures a seamless user experience. We are honored to be able to leverage the global expertise and specific industry knowledge of our investors to further achieve our goal. “

Fantasy sports are one of the fastest growing markets in the world. According to Allied Market Research, the fantasy sports market was valued at $ 18.9 billion in 2019 and is expected to reach a valuation of $ 46.7 billion in 2027.1 at the World level. In India alone, the number of fantasy sports users has grown exponentially, from two million users in 2016 to over 100 million in 20202 – an increase of more than 50 times.

“Beryllium sits at the intersection of day trading, social gaming and sports technology and we are excited to help them lead a fantastic sports technology revolution in one of the fastest growing markets in the world. ”Said Paul Martino, general partner of Bullpen Capital. “We see huge opportunities in a traditional fantasy sports type game, and we learned early on with FanDuel how impact fantasy sports technology can be in the right hands.”

Beryllium recently launched its first brand, Sixer, which revolves around the concept of fantasy cricket in India. The Sixer game was very successful early on, rapidly growing to serve over 150,000 users in a very short period of time. Today, Beryllium is poised to establish its geographic footprint in the region and seek opportunities to integrate the game engine into a wide range of industries.

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About beryllium

Beryllium is a Singapore-based sports and fintech-focused game development company that aims to incorporate business mechanisms into game design. Beryllium’s current platform aims to introduce fantasy sports trading systems, so that users can buy and sell fantasy athlete stocks. Founded in 2019, Beryllium aims to engage and educate the younger generation on how trading works through a more exciting subject: fantasy sports. The Beryllium game engine is infinitely scalable and has been designed to extend to all sports, markets and industries.

About Bullpen Capital

Bullpen Capital challenges the traditional model of venture capital as pioneering ‘post-seed finance’, the critical turn between startups and Series A that catapults startups into a full-size Series A while giving founders more control over their future. Since 2010, Bullpen has invested in hundreds of companies through five funds which have generated billions in revenue. The portfolio includes branded companies such as FanDuel, WAG, SpotHero and Grove Collaborative. The Bullpen model relies heavily on data mining and looks for startups that are “behind”; those who have reached the product market are integrating into non-traditional locations and markets ranging from games to the Internet of Things and the sharing economy.

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About Genting Ventures

Genting Ventures is the corporate venture arm of Genting Group, a Malaysian-based conglomerate with diversified businesses in leisure and hospitality, games, entertainment, plantations, real estate development, biotechnology and retail. ‘energy. Founded since 1965, Genting operates in Singapore, Indonesia, India, China, United States and United Kingdom. As a leading hotel group, Genting Group offers a range of products under several leading brands including Genting, Resorts World, Genting Grand, Genting Club, Crockfords, Maxims, Crystal Cruises and Dream Cruises. Genting Group has also forged links with established names such as Universal Studios, Premium Outlets, Zouk, Hard Rock Hotel, Hilton and other renowned international brand partners.

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Jake Katz, OutVox
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