# Avocado Guild Australia

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/avocado-guild-australia-pty

- Industry: Software
- Headquarters: Sydney, Australia
- Website: www.avocadoguild.com
- Total disclosed funding: $15M
- Latest round: Series A (Nov 16, 2021)
- Investors on record: 13

## About

Avocado Guild Australia Pty Ltd is a prominent player in the Web3 gaming landscape, focusing on creating a gaming guild that enhances player engagement and rewards through quests and community-focused initiatives.Founded in 2021, Avocado Guild Australia Pty Ltd is based in Sydney, Australia, and specializes in the Web3 gaming sector. The company has successfully completed 3 deals, with its most recent funding round on November 16, 2021, where it raised AUD 20.756 million in Series A funding. This funding was co-led by Animoca Brands Corporation Limited and included participation from notable investors such as Binance Asia and Three Arrows Capital. The company plans to transition into a decentralized autonomous organization, AvocadoDAO, to enhance its operational capabilities.Avocado DAO operates as a gaming guild within the Web3 ecosystem, offering quests that allow gamers to earn rewards, thus enriching their gaming experience. The platform supports popular titles such as Mobile Legends: Bang Bang and League of Kingdoms, promoting digital ownership and fostering a collaborative community among players and content creators across various geographical markets, particularly in Southeast Asia.Avocado DAO generates revenue through multiple channels, primarily by facilitating transactions linked to in-game rewards and digital assets. The company earns from transaction fees related to the buying and selling of in-game items, as well as potential subscription services for access to exclusive content. Their marketplace approach establishes a financial ecosystem within the Web3 gaming sector.Following the AUD 20.756 million Series A funding round concluded in November 2021, Avocado Guild Australia Pty Ltd aims to scale its technology capabilities and transition to AvocadoDAO, a decentralized autonomous organization. The company will focus on expanding its product offerings and enhancing its platform for users, with plans to penetrate new markets across Southeast Asia by mid-2023. The recent funding will support these initiatives, empowering the company to innovate and maintain its competitive edge in the evolving gaming landscape.

## Funding rounds

- Series A, Nov 16, 2021, $15M — GoldenTree Asset Management, Animoca Brands Corporation Limited, Three Arrows Capital, Binance Asia Services Pte. Ltd., Kenetic Capital, Hashed Ventures, QCP Soteria, Solana Capital, Polygon Studios, LD Capital, Golden Trail, Lighthouse Group Holdings, Tikivation LLC

## Investors

- GoldenTree Asset Management (https://capitalatlas.ai/funds/goldentree-asset-management) — Series A
- Animoca Brands Corporation Limited — Series A
- Three Arrows Capital — Series A
- Binance Asia Services Pte. Ltd. — Series A
- Kenetic Capital (https://capitalatlas.ai/funds/kenetic-capital) — Series A
- Hashed Ventures (https://capitalatlas.ai/funds/hashed-ventures) — Series A
- QCP Soteria — Series A
- Solana Capital — Series A
- Polygon Studios (https://capitalatlas.ai/funds/polygon-studios) — Series A
- LD Capital (https://capitalatlas.ai/funds/ld-capital) — Series A
- Golden Trail — Series A
- Lighthouse Group Holdings — Series A
- Tikivation LLC — Series A