Linden said that Mythical decided to raise money as the company believes it’s close to reaching profitability. Linden said that Mythical opted not to do a Series D this time around as “a lot of the terms are very similar” to the Series C.Ī press release for the raise notes that Mythical “maintains its unicorn valuation” with this raise, but a company spokesperson would not further clarify whether the valuation had changed. The company raised a $150 million Series C round in November 2021 led by Andreessen Horowitz, which valued the firm as a so-called “unicorn” at $1.25 billion. “Sometimes the strategic groups in the entertainment, sports, or gaming worlds can take a little bit longer,” he told Decrypt of the split approach. Mythical Games CEO and co-founder John Linden said that some of the strategic investors planned for the round are still in negotiations, and to expect an additional close later in 2023.
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