COMPANY PROFILE

Ex Populus

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The best collectibles from the industry’s most talented creators

San Francisco, United StatesFounded 2021Gaming

Valuation $50–100M Last recorded · 2021

Revenue $1–10M Latest reported FY

Headcount <100 Current team size

Total funding $10–50M Disclosed equity funding

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About Ex Populus

Ex Populus positions itself as a developer and publisher of Web3-based games, founded by a team of seasoned executives from the gaming and technology sectors. The company was established by Tobias Batton, who serves as CEO, alongside co-founders including Oscar-nominated Pixar animator Mark Harris, prolific NFT collector Soban Saqib, and others with backgrounds from notable companies like Activision, Blizzard, and Electronic Arts. Batton himself has a long history as a serial entrepreneur, having founded and exited two previous companies, including a social gaming platform, Resistor, which was acquired by IAC. His experience spans mobile game publishing, where his Signal Zero platform drove nearly a billion app installs, to building the foundation for what became Facebook Live.

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The firm's business model is centered on publishing games that integrate blockchain technology, specifically non-fungible tokens (NFTs), to create new monetization channels and player engagement models. Ex Populus partners with independent development studios and also creates titles in-house, aiming to connect content creators with their audience through immersive gaming. The company secured $11.5 million in total funding over two rounds in 2021, including a $3 million seed round led by Animoca Brands and an $8.5 million Series A from investors such as Com2uS, Yolo Ventures, and Akatsuki Inc.

A key strategic move for the company was the complete acquisition of LAMO LLC in late 2022. Initially a publishing partner, Ex Populus merged with the development studio to fully integrate LAMO's flagship game, a fast-paced shooter with collectible and augmented reality features, into its ecosystem. The company's upcoming titles include *Final Form*, a fully on-chain trading card game, and *LAMOverse*, an expansion of the acquired PC game into a multiplayer ARPG. Recognizing the limitations of existing blockchain infrastructure for gaming, Ex Populus initiated the development of Xai, a Layer 3 blockchain built on Arbitrum technology in partnership with Offchain Labs. This gaming-centric chain is designed to offer a more seamless experience for traditional gamers by abstracting wallet complexities and providing developers with greater capabilities, underpinning the company's entire library of games.

Source: Dealroom company data

At a glance

Status: Operational
Founded: 2021
Headquarters: San Francisco, United States
Employees: 51
Open positions: None listed
Dealroom signal: 89.0/100
Industry: Gaming, Media
Sector: Gaming, NFT, Web 3.0, Ethereum Ecosystem, Crypto and Web3, Hard Tech
Technology: Blockchain
Business model: Marketplace & ecommerce
Client focus: b2b
Links: Website LinkedIn X

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Funding history

2 recorded events

Company financing events and reported valuations.

Deal type	Date	Amount	Valuation	Investors	Source
EARLY VC✓Equity / VC	Dec 2021	$8.5M	$80M	Sneaky Ventures · YOLO Ventures · Perpetual Protocol · Akatsuki	↗
SEED✓Equity / VC	Oct 2021	$3M	$12M	Zipmex · Enjin · Outlier Ventures · Infinity Ventures Crypto	—

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Financials

Revenue over time

Revenue, earnings and other financial measures where available. Years marked “E” are estimates.

Year	Revenue	Growth
2026
2025
2024
2023
2022		—

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Growth signals

Ex Populus website traffic

Latest recorded traffic for Ex Populus is 710 monthly website visits, down 21.1% over the last three months. Ex Populus's team grew 183.3% over the past year.

Latest monthly visits710 3-month web change-21.1% 1-year team growth+183.3%

Monthly website visitsNov 2022–Jul 2026

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