{"id":64652,"date":"2022-07-20T14:39:52","date_gmt":"2022-07-20T11:39:52","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=64652"},"modified":"2025-09-06T15:36:37","modified_gmt":"2025-09-06T12:36:37","slug":"square-enix-backs-zebedee-in-35-million-funding-round","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/square-enix-backs-zebedee-in-35-million-funding-round\/","title":{"rendered":"Square Enix Backs Zebedee in $35 Million Funding Round"},"content":{"rendered":"<p>The game-industry-focused fintech startup Zebedee raised $35 million in a Series B funding round. It was led by Kingsway Capital,<a href=\"https:\/\/www.businesswire.com\/news\/home\/20220719005780\/en\/ZEBEDEE-Raises-35-Million-Series-B-From-Kingsway-Capital-The-Raine-Group-Square-Enix-and-Existing-Investors-to-Scale-Payments-Platform-for-Virtual-Worlds\">\u0433\u043e\u0432\u043e\u0440\u0438\u0442\u0441\u044f<\/a> in a press release.<\/p>\n<p>The funding was also provided by Square Enix, known for Final Fantasy and other video games, The Raine Group, and existing investors Initial Capital and Lakestar.<\/p>\n<p>Zebedee is focused on gaming and enables developers to integrate support for the Bitcoin micropayments network <a href=\"https:\/\/u1f987.com\/en\/news\/lightning-network-faster-cheaper-bitcoin-transactions\">Lightning Network<\/a>.<\/p>\n<p>In early 2021, the startup demonstrated this capability in Valve&#8217;s Counter-Strike: Global Offensive shooter. Players could earn Bitcoin rewards for participating in online matches.<\/p>\n<p>In September of the same year Zebedee closed a Series A round of $11.5 million. According to the startup, the user base grew tenfold during that period. With the latest funding, the project has attracted about $50 million.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>&#8220;We are pleased that we can confidently scale our team and grow the business, even as macroeconomic conditions become increasingly uncertain,&#8221; said Zebedee CEO Simon Cowell.<\/p>\n<\/blockquote>\n<p>In April 2022, Square Enix president Yosuke Matsuda <a href=\"https:\/\/forklog.io\/prezident-square-enix-zayavil-ob-interese-kompanii-k-blokchejnu-i-nft\/\">\u0437\u0430\u044f\u0432\u0438\u043b<\/a> \u043e\u0431 \u0438\u043d\u0442\u0435\u0440\u0435\u0441\u0435 \u043a\u043e\u043c\u043f\u0430\u043d\u0438\u0438 \u043a \u0431\u043b\u043e\u043a\u0447\u0435\u0439\u043d\u0443 \u0438 NFT.<\/p>\n<p>In May, the company said it planned to <a href=\"https:\/\/u1f987.com\/en\/news\/square-enix-to-invest-a-portion-of-the-300-million-ip-rights-sale-proceeds-in-blockchain-initiatives\">to earmark part of the proceeds<\/a> from the sale of IP rights for $300 million to fund blockchain, AI and cloud initiatives.<\/p>\n<p>Read ForkLog&#8217;s Bitcoin news in our <a href=\"https:\/\/telegram.me\/forklog\" target=\"_blank\" rel=\"nofollow noopener\">Telegram<\/a> \u2014 cryptocurrency news, prices and analysis.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The game-industry-focused fintech startup Zebedee raised $35 million in a Series B funding round. It was led by Kingsway Capital, the press release says.<\/p>\n","protected":false},"author":1,"featured_media":64653,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1155,1133],"class_list":["post-64652","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-games-and-gamefi","tag-venture-investments"],"aioseo_notices":[],"amp_enabled":true,"views":"23","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/64652","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=64652"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/64652\/revisions"}],"predecessor-version":[{"id":64654,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/64652\/revisions\/64654"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/64653"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=64652"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=64652"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=64652"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}