# Illuvium

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/illuvium-pty

- Industry: Software
- Headquarters: Sydney, Australia
- Website: www.illuvium.io
- Total disclosed funding: $17M
- Latest round: Series A (Mar 26, 2024)
- Investors on record: 24

## About

Based in Sydney, Australia, and founded in 2020, Illuvium Pty Ltd develops a gaming platform that rewards players with digital assets or non-fungible tokens (NFT). The company was co-founded by Kieran Warwick, Aaron Warwick, and Von Neumann and is backed by Seed investor Framework Ventures last March 2021. In June 2023, Illuvium Pty Ltd raised USD 10 million in venture funding from returning investor Framework Ventures.

Illuvium's role-playing game (RPG) rewards players with the chance to explore and capture NFT creatures called Illuvials. The game incentivizes its players with a stake in the project, as the Illuvium network allows for the fees incurred within the game to be paid out to staked token holders as ongoing rewards. The in-game currency of Illivium is ILV and is now listed on Bitcoin.com Exchange.

The company generates revenue from in-game fees collected and purchases of Illuvials on the IlluviDEX exchange.

Illuvium plans to combine gaming and crypto that will provide an entertaining experience with the added value of monetizing good gameplay with rewards. It also plans to create a decentralized autonomous organization, or DAO, which allows the community to gain ownership of the project and generates a financially self-sustainable gaming platform.

## Funding rounds

- Series A, Mar 26, 2024, $12M — GoldenTree Asset Management, The Spartan Group, Seven Capital, Arrington Capital, Arca Investment Management, King River Capital, Selini Capital, Animoca Brands, Westbourne River Partners, 32-Bit Ventures, Yield Guild Games, Polygon Ventures, Laser Digital Asset Management
- Seed, Mar 11, 2021, $5M — Lotus Capital, Bitcoin.com.au, LD Capital, Delphi Digital, Framework Ventures, BitScale Capital, Moonwhale Ventures, IOSG Ventures, Blocksync Ventures, Stake Capital, YBB Capital

## Investors

- Lotus Capital — Seed
- Bitcoin.com.au — Seed
- LD Capital (https://capitalatlas.ai/funds/ld-capital) — Seed
- Delphi Digital — Seed
- Framework Ventures (https://capitalatlas.ai/funds/framework-ventures) — Seed
- BitScale Capital — Seed
- Moonwhale Ventures (https://capitalatlas.ai/funds/moonwhale-ventures) — Seed
- IOSG Ventures (https://capitalatlas.ai/funds/iosg-ventures) — Seed
- Blocksync Ventures — Seed
- Stake Capital (https://capitalatlas.ai/funds/stake-capital) — Seed
- YBB Capital (https://capitalatlas.ai/funds/ybb-capital) — Seed
- GoldenTree Asset Management (https://capitalatlas.ai/funds/goldentree-asset-management) — Series A
- The Spartan Group — Series A
- Seven Capital — Series A
- Arrington Capital — Series A
- Arca Investment Management — Series A
- King River Capital (https://capitalatlas.ai/funds/king-river-capital) — Series A
- Selini Capital (https://capitalatlas.ai/funds/selini-capital) — Series A
- Animoca Brands (https://capitalatlas.ai/funds/animoca-brands) — Series A
- Westbourne River Partners (https://capitalatlas.ai/funds/westbourne-river-partners) — Series A
- 32-Bit Ventures (https://capitalatlas.ai/funds/32-bit-ventures) — Series A
- Yield Guild Games (https://capitalatlas.ai/funds/yield-guild-games) — Series A
- Polygon Ventures — Series A
- Laser Digital Asset Management — Series A