MyPrize Achieves Over $1.2B GMV Run Rate and Successfully Closes Funding Round At $250M Valuation Cap, Disrupting Online Social Gaming As The Fastest Growing Gaming Business In The United States

On pace for over $100M+ of revenue this year, MyPrize is the fastest growing gaming business, and one of the fastest growing technology companies in the country

MIAMI, July 31, 2025 /PRNewswire/ -- MyPrize, the team behind the world's fastest growing multiplayer online social casino that is operating at a GMV run rate of over $1.2 billion, today announced the closing of its $21 million strategic funding round at a valuation cap of $250 million from existing investors and major family offices. The round includes participation from prior lead investors Dragonfly and Boxcars Ventures. With this round, the company has now raised a total of $38 million in funding to date.

MyPrize has seen unprecedented growth and success in the US-based online social gaming sector. Founded by Zach Bruch in late 2023, and launched in summer 2024, the company is on track to achieve a set of monumental milestones for a technology company, surpassing $100M+ in annual revenue while simultaneously reaching profitability by the end of the year. This feat is nearly unprecedented for a company in its first two years after founding and just one year following product launch.

Just as notably, the company continues to grow at an exponential pace month over month. MyPrize's position as one of the fastest growing technology companies of all time is being driven by a differentiated model that blends creator-led livestreaming-based entertainment with online games that offer sweepstakes-based prizes on MyPrize.us. With over $500M+ won by players to date, MyPrize is proving that innovation and scalability can go hand-in-hand in one of the fastest-growing consumer categories.

"MyPrize has transformed online entertainment for both players and creators, and the momentum we're seeing is just the beginning," says MyPrize Founder & CEO, Zach Bruch, commenting on today's news, "The growth we are seeing at MyPrize proves that social gaming has fully arrived to the US market and there is massive demand for a more engaging, creator-driven approach to online gaming. The nature of entertainment has fundamentally changed with speculation taking center stage. As users embrace this new frontier, MyPrize is ushering in the golden age of online entertainment, powered by our proprietary AI retention and engagement platform and best-in-class player and creator experience. Our latest fundraise will unlock the next phase of our exponential growth curve and open the MyPrize platform to thousands of new creators, celebrities, and all-new markets globally."

The strategic funding will be used to accelerate MyPrize's growth and scale its vertically integrated technology platform to drive better experiences for players and creators alike, powered by MyPrize's proprietary AI personalization engine. As demand for real-time, socially-driven gaming continues to rise, the new capital will enable MyPrize to expand its reach, onboard more creators, and enhance the core product experience for players. MyPrize is building the first entertainment-native gaming platform, one where creators and communities drive engagement, loyalty, and long-term value.

For more information on MyPrize, please visit: https://myprize.us/.

About MyPrize
MyPrize is the fastest growing free-to-play social casino, redefining how people play, watch, and connect around gaming online. Pioneering multiplayer gaming experiences where users can join forces with creators, streamers, and friends, MyPrize provides a platform that is built for shared moments and massive communities.

MyPrize transcends boundaries and gives players and fans what they have been desperately craving, an all-in-one open platform that combines the best of both online gaming and livestreaming, powered by MyPrize's proprietary AI personalization engine. MyPrize is building more than just a social casino, they're building the future of online entertainment. For more information, please visit MyPrize.US or MyPrize.com for international players.

Media Contact
M Group Strategic Communications (on behalf of MyPrize)
[email protected] 

SOURCE MyPrize