Helika, based in Toronto, has recently concluded a significant fundraising round, securing $8 million in Series A financing. The investment was led by Pantera Capital, with contributions from Sparkle Ventures, Diagram Ventures, and Sfermion, alongside individual investors such as Spencer Tucker, Damon Gura, and Marc Alloul.

Specializing in data analytics and infrastructure solutions for traditional and web3 gaming, Helika’s latest funding round marks a crucial step forward for the company. The primary goal is to further develop and introduce AI-powered Game Management products aimed at assisting gaming studios in improving user acquisition, retention, engagement, and overall profitability across both traditional and web3 gaming platforms.

Expressing his enthusiasm about the funding round, Helika’s CEO, Anton Umnov, highlighted the company’s plans for global expansion, particularly into the APAC market. He also expressed gratitude for the continued support from existing and new venture partners.

Franklin Bi, a Partner at Pantera Capital, emphasized Helika’s position as a market leader in analyzing and growing web3 user activity, noting the potential significance of Helika’s AI Game Engine in the gaming industry.

Yat Siu, Co-Founder and Executive Chairman of Animoca Brands and a member of Sparkle Ventures’ Investment Committee, commended Helika’s strong market position and product quality, underlining the importance of Sparkle Ventures’ investment.

Helika has already demonstrated significant revenue growth, surpassing seven figures in under a year, thanks to its solid product-market fit and ambitious expansion plans. With a seasoned founding team boasting over 35 years of combined experience in gaming, analytics, and AI, Helika is well-positioned to continue providing innovative solutions for the gaming industry.

The company’s suite of products includes advanced off-chain and on-chain analytics, web2 and web3 attribution, LiveOps, and A/B testing capabilities. Numerous top gaming studios, including Yuga Labs, Wildcard Alliance, and WAGMI, rely on Helika to support their core analytics and infrastructure needs.

Helika’s mission is to empower gaming studios throughout the entire game lifecycle, from user acquisition and marketing attribution to game management and optimization. Through actionable insights and innovative tools, Helika aims to contribute to greater engagement, monetization, and overall success within the gaming industry.