GOAT Gaming, a prominent Singapore-based platform for competitive and casual gaming on Telegram, has secured a £4m strategic funding round led by TON Ventures, with contributions from Karatage, Amber, and Bitscale. This latest investment, announced on 3 February, brings the company’s total funding to S$6.74m (£15m). The funds are earmarked for developing AI-powered gaming experiences within Telegram’s Mini Apps, as the platform continues to grow its user base.
With over 5 million active users since its launch on Telegram in August, GOAT Gaming is capitalising on Telegram’s emerging role as a gateway for Web3, a decentralised internet framework. The platform’s rapid growth underscores the increasing popularity of player-owned economies, where users have more control and ownership over their gaming experiences.
The funding will enable GOAT Gaming to enhance its offerings by integrating artificial intelligence into its games, providing more dynamic and engaging experiences for users. This move is expected to attract even more users to the platform, further solidifying Telegram’s position in the Web3 ecosystem.
Simon Davis, Founder and CEO of GOAT Gaming, is optimistic about the future, stating that the investment will “fuel their next phase” of development. As the gaming industry continues to evolve, GOAT Gaming’s strategic focus on AI and Web3 positions it well to capture a significant share of the market.
The successful funding round highlights the growing interest in platforms that leverage new technologies to create innovative gaming experiences. As GOAT Gaming embarks on its next phase, the company is poised to play a pivotal role in shaping the future of gaming on Telegram.
