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Pantera Capital Led $13 Million Series A Funding Round For Stacked, A Live Streaming Platform Focused On Original Content Creation

Stacked, its community-driven streaming platform, has raised $12.9M in funding from Pantera Capital.

Investors include Z Ventures and GFR Fund.

Founded by Alex Lin, Stacked began as a watch-only app before branching out into web3 streaming. After noticing a gap in the market, the company focused its efforts on building a decentralized video streaming platform. Stacked’s vision is to create an open source protocol for decentralized video streaming.

We saw that individual contributors had huge potential to create valuable video series for our platform, so we decided to give them some compensation.

On the Stacked blockchain, creators can stream games, host watch parties, and interact with fans through the Stacked app. They earn Stacked Governance Tokens (SGT) for each contribution. These SGTs give them voting rights in the Stacked Network, allowing them to acquire equity in the company.

We are pleased to announce that Stack Studios, the parent company of Valhalla, has raised $15m in Round 2 Web3 is still early days, and we see an opportunity to build one of the world’s largest crypto companies in the next decade… Having great investors allows us to build the best NFT possible before asking our members to mint. No empty promises here, just a track record of proven results. We’re redefining what it means to execute quality on Web3. – Alex Lin

Stacked raised $30 million in its Series A funding round earlier this year. This will give the company five to seven years of cash flow.

The company has raised $9 million in funding from investors including First Round Capital, General Catalyst Partners and Y Combinator. It plans to use the new cash to hire additional staff, launch its first product outside North America and expand into Latin America, Eastern Europe and South Africa.

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