# MindMatters Technologies

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

- Industry: Software
- Headquarters: Carnegie, US
- Website: www.mindmatters.net
- Total disclosed funding: $3.3M
- Latest round: Series C (Feb 7, 2003)
- Investors on record: 2

## About

MindMatters Technologies, Inc. specializes in providing innovative online gaming solutions, primarily focusing on engaging slot games that offer high payout rates and a user-friendly experience for diverse clientele.MindMatters Technologies, Inc. is based in Carnegie, US, and operates an online gaming platform with a focus on slot games. The company has undergone changes in business strategy over time but has remained focused on enhancing user engagement through promotional bonuses and features. Founded by industry veterans, MindMatters has been involved in four investment deals as of January 2004. The most recent funding round was a Series C led by Mid-Atlantic Venture Funds, raising USD 1.30 mn, bringing the total amount raised to USD 1.30 mn.MindMatters Technologies, Inc. primarily offers an online gaming platform that emphasizes a diverse range of slot games. These games are crafted to provide users with substantial winning opportunities, highlighted by daily maxwin offers that can reach into the millions. The platform caters to both casual gamers and experienced players, focusing on enhancing user engagement through a variety of promotional bonuses and features. MindMatters operates mainly in Southeast Asia, targeting regions where online gambling is increasingly popular, while ensuring a secure gaming environment with 24/7 access and premium customer support.MindMatters Technologies, Inc. generates revenue through transaction fees linked to gameplay, primarily from wagers placed by users on slot games. The platform functions on a business-to-consumer model, enabling players to purchase credits or tokens for use in gaming. Revenue is additionally bolstered through partnerships with licensed gaming providers, which expand the range of available games. Promotional strategies such as bonuses for deposits or playtime are employed to enhance user engagement and encourage repeat transactions, thus contributing to the overall profitability of the platform.Looking ahead, MindMatters Technologies, Inc. aims to expand its product offerings with new games currently in development, although specific release dates have not been disclosed. The company plans to penetrate further into emerging markets in Southeast Asia by 2005, leveraging recent funding to amplify marketing efforts and enhance product development. The most recent financing deal, completed in January 2004, will support these growth initiatives by providing necessary capital for development and market entry.

## Funding rounds

- Series C, Feb 7, 2003, $1.3M — Mid-Atlantic Venture Funds, Future Fund
- Series B, Nov 15, 2001, $1M — Mid-Atlantic Venture Funds, Future Fund
- Series A, Jan 1, 2001, $1M — Mid-Atlantic Venture Funds, Future Fund

## Investors

- Mid-Atlantic Venture Funds (https://capitalatlas.ai/funds/mid-atlantic-venture-funds) — Series A, Series B, Series C
- Future Fund — Series A, Series B, Series C