CryptoKitties Wins $12 Million From Investors, Including Early Facebook Believer Andreessen Horowitz

by Lucinda Shen

Yes, the game that some considered a quintessential example of the Bitcoin bubble, CryptoKitties, has received $12 million in funding from investors led by venture capital firm Andreessen Horowitz and Union Square Ventures.

On Tuesday, CryptoKitties revealed that it would spin out of its developer, Axiom Zen, and had raised $12 million in a Series A funding round led by the early Facebook investor (Andreessen Horowitz) and early Twitter believer (Union Square). Both are experienced investors in the crypto space— both having a stake in cryptocurrency exchange Coinbase.

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