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Phantom Galaxies

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Open-world sci-fi action RPG with blockchain assets

British Virgin IslandsConsumer Services
Valuation $0–100M Latest valuation · 2022
Total funding $10–50M Disclosed equity funding
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About Phantom Galaxies

Phantom Galaxies is a free-to-play, third-person action RPG that merges the genres of open-world space simulation and fast-paced mech shooter. The game is developed by Blowfish Studios, a subsidiary of Animoca Brands. Players pilot transforming mechanized starfighters, which can switch between a starship and a combat mech, to battle pirate factions and alien species in a narrative-driven adventure.

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The game is the creation of Blowfish Studios, a Sydney-based developer and publisher founded in 2008 by Benjamin Lee and Aaron Grove. Lee, with a background in computer systems engineering and 3D graphics, serves as Managing Director, while Grove, an award-winning visual effects supervisor, is the Creative Director. Blowfish Studios started by developing games for the iOS App Store and grew into a multiplatform developer and publisher. In July 2021, the studio was acquired by Animoca Brands, a company specializing in blockchain gaming and digital entertainment, for approximately US$6.6 million upfront with potential performance-based payments. This acquisition was intended to merge Blowfish's game development expertise with Animoca's blockchain capabilities.

Phantom Galaxies integrates optional blockchain elements, operating on the Polygon network. Players can own in-game assets such as starfighters, avatars, and even planets as NFTs, allowing for true digital ownership and trading in the game's marketplace. The business model is free-to-play, but the company generates revenue through these NFT sales and in-game item purchases. A private sale of planet NFTs in May 2022 raised US$19.3 million from investors including Sequoia China, Polygon Ventures, and Dapper Labs. The game offers various gameplay modes, including a main story campaign, side quests, multiplayer PvP battles, and PvE bounties. Players can choose from four distinct starfighter classes (Assault, Lancer, Buster, and Breacher) and customize them with a wide range of weapons and gear.

Source: Dealroom company data

At a glance

Status
Operational
Headquarters
British Virgin Islands
Open positions
None listed
Dealroom signal
0.0/100
Industry
Gaming
Sector
Consumer Services
Client focus
b2c

Latest news

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Funding history

1 recorded event

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
LATE VCEquity / VC May 2022 $19M $77M Kingsway Capital · Double Peak · Yield Guild Games Southeast Asia · Liberty City Ventures
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Growth signals

Phantom Galaxies website traffic

Latest recorded traffic for Phantom Galaxies is 1K monthly website visits, up 16.3% over the last three months.

Latest monthly visits1K 3-month web change+16.3%
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Investors

9 investors on the cap table

From Dealroom's funding and investor records, grouped by the round each investor first entered.

Series B and later7 investors entered at this stage

  • Kingsway Capital
  • Double Peak
  • Yield Guild Games Southeast Asia
  • Liberty City Ventures
  • Dapper Labs
  • Polygon
  • Avocado Guild

Other known investors2 additional known investors

  • SMO Capital
  • The Spartan Group
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Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Global footprint

Workforce and web traffic by country
Workforce by country
🏳️ British Virgin Islands HQ
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Market sentiment

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