# Zengaming

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

- Industry: Internet
- Headquarters: San Francisco, US
- Website: www.zengaming.com
- Total disclosed funding: $2.8M
- Latest round: Seed (Apr 21, 2016)
- Investors on record: 5

## About

Zengaming specializes in the management and monetization of digital gaming assets, offering platforms for users to trade and access virtual items efficiently and securely.Founded in 2015 in San Francisco, US, Zengaming focuses on facilitating the trading of digital gaming assets. The company has successfully raised USD 2.8 mn in its Seed funding round in April 2016, led by Crown Resorts Limited, with participation from notable investors including 500 Global, Foundation Capital, NFX, and iAngels Crowd Ltd. The company has completed 2 deals to date.ZenGaming's key products include Tradeit.gg, a platform for trading virtual items that has facilitated transactions worth over USD 400 mn and conducted more than 50 million trades, and Lootbear.com, which offers a subscription service for renting virtual items, managing a rental market valued at over USD 70 mn. The company serves a diverse clientele of gamers, professional players, and major gaming brands across North America, Europe, and parts of Asia.Zengaming generates revenue through its dual-platform model, with Tradeit.gg facilitating item trading and Lootbear.com operating on a subscription-based rental service. Clients pay to access premium features or to engage in trades, contributing to a steady income stream driven by a high volume of user transactions on both platforms.With the recent Seed funding round in April 2016, Zengaming plans to enhance its product offerings and expand into new markets. The company aims to develop new features for Tradeit.gg and introduce additional subscription options on Lootbear.com. Expansion efforts are targeted at increasing their presence in Asia and Europe by 2018, utilizing the recent investment to support product development and market entry initiatives.

## Funding rounds

- Seed, Apr 21, 2016, $2.8M — Foundation Capital, 500 Global, iAngels Crowd Ltd, NFX, Crown Resorts Limited
- Angel, Sep 18, 2015 — 500 Global, iAngels Crowd Ltd, NFX

## Investors

- 500 Global (https://capitalatlas.ai/funds/500-global) — Angel, Seed
- iAngels Crowd Ltd — Angel, Seed
- NFX (https://capitalatlas.ai/funds/nfx) — Angel, Seed
- Foundation Capital (https://capitalatlas.ai/funds/foundation-capital) — Seed
- Crown Resorts Limited — Seed