# Lizard DAO

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/lizard-dao

- Industry: Software
- Total disclosed funding: $4M
- Latest round: Seed (Oct 24, 2024)
- Investors on record: 8

## About

Lizard DAO is a blockchain-based platform that enhances gaming experiences through innovative Web3 solutions, focusing on empowering gamers with cryptocurrency and unique interactive gameplay.Lizard DAO, founded in 2024, focuses on integrating blockchain technology into the gaming sector. The company has received its first funding through a SEED round, raising USD 4.000 mn on October 24, 2024, with investors including Cluster Capital, Fat Cat Ventures, Merit Circle, and others. The CEO is Joe Ziska, and the founder is Lu Burchett.Lizard DAO primarily offers a suite of products that enhance Web3 gaming experiences, with Lizcoin ($LIZ) serving as the central cryptocurrency for wagering in various games. Users can achieve 'Guardian of Gaming' status by completing challenges called Cold-Blooded Bounties, earning rewards in Lizcoin. The platform also features the LizDex, a narrative-driven component detailing the gaming universe's history, and Elemental Lizards, RPG-like characters essential to gameplay. The company's services target a global audience, focusing on North America, Europe, and Asia, catering to gamers, investors, and developers in the Web3 ecosystem.Lizard DAO generates revenue primarily from transactions associated with its flagship product, Lizcoin, and related gaming services. Users engage in wagering and PVP battles, with transactions occurring directly between players and the platform. The company operates under a business-to-consumer (B2C) model, allowing gamers to purchase, stake, and earn Lizcoin through various activities. Revenue streams also include fees from transactions and marketing and consulting services for game studios, designed to enhance participation and engagement within the platform.In October 2024, Lizard DAO raised USD 4.000 mn in seed funding to enhance its green room initiative. The company plans to launch new products designed to further enrich user engagement and expand its presence in the gaming market. Specific geographic regions targeted for growth include North America and Europe, with plans to establish additional operations by mid-2025.

## Funding rounds

- Seed, Oct 24, 2024, $4M — SevenCapital, Waterdrip Capital, Merit Circle, Cluster Capital, NxGen Capital, XBorg DMCC, YBB Capital, Fat Cat Ventures

## Investors

- SevenCapital — Seed
- Waterdrip Capital (https://capitalatlas.ai/funds/waterdrip-capital) — Seed
- Merit Circle (https://capitalatlas.ai/funds/merit-circle) — Seed
- Cluster Capital (https://capitalatlas.ai/funds/cluster-capital) — Seed
- NxGen Capital (https://capitalatlas.ai/funds/nxgen-capital) — Seed
- XBorg DMCC — Seed
- YBB Capital (https://capitalatlas.ai/funds/ybb-capital) — Seed
- Fat Cat Ventures — Seed