# AcadArena Technologies

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/acadarena-technologies

- Industry: Travel & Leisure
- Headquarters: Iloilo City, Philippines
- Website: www.acadarena.com
- Total disclosed funding: $15M
- Latest round: Series A (Apr 13, 2023)
- Investors on record: 14

## About

AcadArena Technologies Inc. is a company that integrates competitive gaming with educational activities, enhancing engagement among students through gamified experiences and a comprehensive platform for various competitions and workshops.Founded in 2019 and headquartered in Iloilo City, Philippines, AcadArena Technologies Inc. specializes in combining gaming with extracurricular educational activities. The founders, Justin Gorriceta-Banusing and Kevin Hoang, have not been known to establish other companies previously. The latest funding round was a Series A raised on April 13, 2023, totaling USD 11.42 mn led by Blockchain Capital and supported by investors including 1kx, Buko Ventures, Hustle Fund, Kingsway Capital, Mirana Ventures, TNB Aura, and The Spartan Group. The total amount raised to date stands at USD 11.42 mn, with a current company valuation of USD 39.70 mn.AcadArena specializes in gamifying extracurricular activities, offering a platform that integrates competitive gaming with educational and recreational activities to enhance student engagement. Their core offerings include a comprehensive gaming ecosystem that allows students to participate in various competitions, workshops, and events designed to build skills such as teamwork, leadership, and strategic thinking. The primary users are students from various educational institutions, from high schools to universities, particularly in Southeast Asia, including markets like the Philippines and Indonesia, where the integration of gaming into education is advancing.In 2022, AcadArena reported a revenue of USD 840,254.60, with an EBITDA of USD -1,014,885.30 for the same year. Revenue generation is achieved through subscription models and partnerships with educational institutions, where memberships grant access to premium features, events, and competitions. Additionally, B2B partnerships with schools and universities facilitate tailored services to enhance students' extracurricular engagement through gamified experiences, ensuring a diversified revenue stream.Following the Series A funding raised on April 13, 2023, AcadArena Technologies Inc. plans to expand its operations and product offerings significantly. The recent USD 11.42 mn funding will support the development of new products designed to enhance the gamified educational experience. The company aims to penetrate new markets within Southeast Asia, particularly targeting Indonesia for expansion, with initiatives expected to roll out within the next 18 months. The recent investment will facilitate the launch of additional features and competitions on their platform, further solidifying their position in the educational technology market.

## Funding rounds

- Series A, Apr 13, 2023, $11M — The Spartan Group, Blockchain Capital, Hustle Fund, 1kx Ventures, Kingsway Capital, TNB Aura, Mirana Ventures, Buko Ventures
- Seed, Nov 13, 2021, $3.5M — Hustle Fund, 1kx Ventures, Kingsway Capital, Hashed Ventures, XRM Media, Iterative, Infinity Ventures, Eden Holdings, PKO Investments

## Investors

- Hustle Fund (https://capitalatlas.ai/funds/hustle-fund) — Seed, Series A
- 1kx Ventures (https://capitalatlas.ai/funds/1kx-ventures) — Seed, Series A
- Kingsway Capital (https://capitalatlas.ai/funds/kingsway-capital) — Seed, Series A
- Hashed Ventures (https://capitalatlas.ai/funds/hashed-ventures) — Seed
- XRM Media — Seed
- Iterative (https://capitalatlas.ai/funds/iterative) — Seed
- Infinity Ventures (https://capitalatlas.ai/funds/infinity-ventures) — Seed
- Eden Holdings (https://capitalatlas.ai/funds/eden-holdings) — Seed
- PKO Investments — Seed
- The Spartan Group — Series A
- Blockchain Capital (https://capitalatlas.ai/funds/blockchain-capital) — Series A
- TNB Aura (https://capitalatlas.ai/funds/tnb-aura) — Series A
- Mirana Ventures (https://capitalatlas.ai/funds/mirana-ventures) — Series A
- Buko Ventures (https://capitalatlas.ai/funds/buko-ventures) — Series A