# PhrazIt

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/phrazit

- Industry: Internet
- Headquarters: Cambridge, US
- Website: www.phrazit.com
- Latest round: Seed (Sep 1, 2008)
- Investors on record: 1

## About

PhrazIt is an online gaming platform that primarily focuses on delivering an extensive selection of slot games, catering to both novice and experienced players for an engaging gaming experience.PhrazIt operates as an online gaming platform specializing in a diverse range of slot games. The company was founded in 2008 in Cambridge, US. It has engaged in 2 total deals throughout its history. Notably, PhrazIt has shut down operations, which marks a significant change in its business trajectory.PhrazIt offers an online gaming platform with a focus on a variety of licensed slot games from reputable developers such as PG SLOT, JILI, Pragmatic Play, and Joker Gaming. The gaming experience is designed to engage a wide audience, including novice and experienced players. An automated system facilitates user registration, deposits, withdrawals, and promotions, ensuring a seamless experience for players across various geographical markets, particularly in Southeast Asia.PhrazIt generates revenue through its gaming platform, where players engage in gameplay using deposited funds. The direct-to-consumer transaction structure allows players to deposit money, play games, and withdraw their winnings without intermediaries. Promotional offers enhance user engagement and retention, contributing to revenue derived from in-game transactions.PhrazIt has ceased operations, which impedes any current strategy for future growth or expansion. There are no upcoming products or market expansion plans outlined, and recent funding cannot be allocated to support any initiatives.

## Funding rounds

- Seed, Sep 1, 2008 — DreamIt Ventures

## Investors

- DreamIt Ventures (https://capitalatlas.ai/funds/dreamit-ventures) — Seed