# Defy

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/defy-2

- Industry: Software
- Headquarters: Singapore, Singapore
- Website: www.defydisrupt.io
- Total disclosed funding: $3.5M
- Latest round: Seed (Apr 7, 2022)
- Investors on record: 9

## About

Based in Singapore, and founded in 2021 by Ben Pember (CEO) and Michael McClenaghan, Defy Labs Pte. Ltd., doing business as Defy offers a mobile game built on polygon blockchain. In April 2022, DEFY LABS PTE. LTD. raised USD 3.5 million in seed funding Co-led by new investors Animoca Brands Corporation Limited, OliveX, and Spartan Group with participation from other new investors Polygon Studios, GameFi Ventures, and many others. The company holds partnerships with pathdao, olivex, spartan, and many others.

The company develops software that focuses on augmented reality platforms that allow users to have access to NFTs and other digital collectibles. The firm provides a gaming platform by using augmented reality (AR), algorithmically generated geolocations, and hyper-casual code-breaking gameplay in the metaverse which bridges the virtual and physical worlds. Additionally, the company provides rewards to its players in the form of cryptocurrency and NFTs.

The company will use the April 2022 funding to support the expansion of game development and increase AR features.

## Funding rounds

- Seed, Apr 7, 2022, $3.5M — Animoca Brands Corporation Limited, Unanimous Capital, Bixin Ventures, OliveX Holdings Limited, Polygon Studios, Play It Forward Private Limited, PathDAO, Spartan Group, GameFi Ventures

## Investors

- Animoca Brands Corporation Limited — Seed
- Unanimous Capital (https://capitalatlas.ai/funds/unanimous-capital) — Seed
- Bixin Ventures (https://capitalatlas.ai/funds/bixin-ventures) — Seed
- OliveX Holdings Limited — Seed
- Polygon Studios (https://capitalatlas.ai/funds/polygon-studios) — Seed
- Play It Forward Private Limited — Seed
- PathDAO — Seed
- Spartan Group (https://capitalatlas.ai/funds/spartan-group) — Seed
- GameFi Ventures (https://capitalatlas.ai/funds/gamefi-ventures) — Seed