Latest round

Series A

Last raised

Aug 2025

Total raised

$40M

Investors

7

About Shrapnel

Based in Washington, US, and founded in 2020, Neon Machine, trading under the name Shrapnel, develops online games and offers a creative gaming experience. Leveraging blockchain technology, the company introduced SHRAPNEL, a blockchain-enabled competitive multiplayer first-person shooter. In August 2025, Neon Machine, Inc. The company provides SHRAPNEL, a blockchain-enabled competitive multiplayer game that offers players true ownership by enabling them to create, curate, and compete within a vibrant community. It combines combat, creativity, and connectivity, allowing users to build and decide the game's future. This game has several NFT in-game assets, such as weapon parts, cosmetics, and weapons, which are available on the Shrapnel’s Avalanche subnet, a private crypto network running on Avalanche. It has a team with extensive experience in transmedia, virtual production, gaming-as-a-service, and blockchain production, such as Halo, Call of Duty, and Star Wars.

Who invested in Shrapnel

7 investors across 2 rounds

See all investors in Shrapnel

Sign up free to see every VC on the cap table, the rounds they joined, and how much each round raised.

Funding rounds

  1. Series A

    Aug 13, 2025

    Amount

    $20M

    Investors

    Locked

  2. Series A

    Oct 25, 2023

    Amount

    $20M

    Investors

    Locked

Questions about Shrapnel

Who invested in Shrapnel?

Shrapnel has 7 investors on record across 2 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.

How much funding has Shrapnel raised?

Shrapnel has raised 2 venture rounds. Sign up free to see how much each round raised and the total.

When did Shrapnel last raise money?

Shrapnel's most recent round on record is a Series A, in Aug 2025.

What does Shrapnel do?

Based in Washington, US, and founded in 2020, Neon Machine, trading under the name Shrapnel, develops online games and offers a creative gaming experience.

Where is Shrapnel headquartered?

Shrapnel is headquartered in Seattle, US.

Which VCs invest in companies like Shrapnel?

Among active investors with capital left to deploy, Andreessen Horowitz, Founders Fund, Accel and Thrive Capital back software companies at Shrapnel's stage. Their profiles are linked below.

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