# Shardbound

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

- Industry: Software
- Headquarters: San Mateo, US
- Website: www.shardbound.com
- Total disclosed funding: $9.2M
- Latest round: Seed (Jul 24, 2023)
- Investors on record: 6

## About

Shardbound is a US-based company specializing in developing a multiplayer collectible tactics game, offering players strategic gameplay within a richly crafted universe. The game emphasizes community engagement through competitive mechanics and immersive storytelling.Founded in 2019 in San Mateo, US, Shardbound is a game development company that has focused on creating engaging multiplayer experiences. The company has successfully completed two deals, with its most recent funding round occurring on July 24, 2023. The Seed round raised USD 6.67 million, led by BITKRAFT Ventures, with participation from 1Up Ventures, RW3 Ventures, and Sfermion. The firm is valued at USD 20.69 million post-money. The founders, Bo Daly and Stephan Sherman, have a history in the gaming industry, with Bo Daly serving as CEO.Shardbound's core offering is a multiplayer collectible tactics game that integrates rich lore and strategic gameplay within an immersive universe known as The Floating Isles. Players engage in crafting unique card decks to outmaneuver opponents, enhancing their competitive experience while also exploring a storyline that revolves around preserving the bonds of the Lifeweave and uncovering the secrets of the Shards. The game is designed for a diverse user base, including casual gamers and competitive players, and is accessible to a global audience through platforms such as the Epic Games Store. Launched to the public on June 27, 2024, Shardbound serves consumers primarily in North America and Europe, emphasizing a free-to-play model that encourages broad participation and community engagement.The company's revenue model is structured around a free-to-play framework, relying on in-game purchases and cosmetic upgrades to generate income. Players may engage in transactions for unique card packs or seasonal event content, enhancing their gaming experience and strategic options within Shardbound. These transactions are primarily conducted directly between the firm and its end users, with a focus on delivering value through exclusive content and rewards. Given the game's emphasis on community-driven engagement, revenue is further supported by participation in in-game events, which may also drive additional spending and player interaction. The financial performance of Shardbound is closely linked to the vitality of its player community and the rolling out of new features and events that sustain player interest and retention.In July 2023, Shardbound raised USD 6.67 million in venture funding, which will be allocated towards development and expansion of manpower. The company plans to launch new products, enhancing its gaming offerings and community engagement. Additionally, it aims to expand its market presence beyond North America and Europe, targeting specific new regions by the end of 2025. This strategic growth is aimed at increasing user engagement and broadening its player base.

## Funding rounds

- Seed, Jul 24, 2023, $6.7M — BITKRAFT Ventures, 1Up Ventures, Sfermion, Raptor Digital
- Seed, Mar 16, 2020, $2.5M — MTGx Ventures, MergeLane, BITKRAFT Ventures

## Investors

- MTGx Ventures (https://capitalatlas.ai/funds/mtgx-ventures) — Seed
- MergeLane — Seed
- BITKRAFT Ventures (https://capitalatlas.ai/funds/bitkraft-ventures) — Seed
- 1Up Ventures (https://capitalatlas.ai/funds/1up-ventures) — Seed
- Sfermion (https://capitalatlas.ai/funds/sfermion) — Seed
- Raptor Digital (https://capitalatlas.ai/funds/raptor-digital) — Seed