Matiks raises $10M led by General Catalyst
By Abha Lohia ·
Matiks: funding and every story →
- Matiks runs a social gaming app where players compete in quick brain and maths games against friends and strangers
- The startup secured $10 million in a pre-Series A round, with General Catalyst leading and film producer Ronnie Screwvala joining
- Money will fund expansion abroad, new games and an AI tool letting users build brain games without writing code
What happened
- Matiks raised $10 million in a pre-Series A round.
- General Catalyst led the round.
- Ronnie Screwvala joined as a new backer.
- Existing investors Info Edge, Tanglin and Untitled also took part.
Why it matters
- The funds will push the app into international markets.
- An AI game-creation platform will let users publish games without coding.
The business
- Matiks is a social gaming platform built around brain games.
- Players duel and compete with others online.
Who put in money
- General Catalyst lead — Global venture capital firm
What happens next
- Launch of an AI game-creation platform
Other articles talking about it
Terms in this story
- Startup: A startup is a young company built to find a new way of doing something and to grow fast, usually by serving many customers at low extra cost. India's government also has a narrower legal definition that decides who gets scheme benefits.
- Funding stage: Startups raise money in steps called funding stages: pre-seed, seed, Series A, B, C and later, ending in a stock-market listing or a sale. Each step is larger than the last and asks for more proof.
- Pre-Series A: A pre-Series A round is money raised after a seed round and before a full Series A, to help a startup show the growth that a Series A investor will want to see.
- Series A: Series A is usually the first large round a startup raises from venture capital funds, after it has shown that people want what it sells.
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