Neon Machine
PrivateLast Round
VC Round
Aug 13, 2025
Total Funding Raised
$30.5M
Momentum Score
25 /100
Company Overview
Neon Machine Inc. is a video game development studio creating 'Shrapnel,' a AAA blockchain-enabled first-person shooter (FPS) game. The company spun out of HBO Interactive and is composed of game industry veterans. 'Shrapnel' is built on the Avalanche blockchain and integrates non-fungible tokens (NFTs), allowing players to have true ownership of in-game assets. The company has received significant venture funding, including a $10.5 million seed round in 2021 and a $20 million Series A in 2023. Despite facing financial challenges and legal disputes in 2024 and 2025, the company secured an additional $19.5 million in funding in August 2025 to continue development ahead of its planned launch.
Sector
Media, Entertainment & Gaming
Verticals
Web3 Gaming, NFT Platforms, Gaming, Creator Economy, User-Generated Content
Business Model
B2C
Customer Profile
Marketplace Commission, Freemium, Revenue Share
AI Layer
Non-AI
Keywords
Historical Pricing
Historical view of private secondary pricing and transaction trends.
Neon Machine Comps
Public and private peers based on sector, stage, and business model.
Neon Machine Funding Rounds
Historical fundraising activity
| Round | Date | Amount Raised | Valuation | Investors | Sources |
|---|---|---|---|---|---|
| VC Round | Aug 13, 2025 | ||||
| Series A | Oct 25, 2023 | ||||
| Token Sale | Apr 11, 2022 | ||||
| Seed | Nov 15, 2021 |
Key People
Founding team and executive leadership
Neon Machine Investors
Notable investors and investment history
| Investor | Rounds |
|---|---|
| Sfermion | Token Sale |
| Three Arrows Capital | Token Sale |
| Griffin Gaming Partners | Series A, VC Round, Seed |
| Polychain Capital | VC Round, Series A, Seed |
| Dragonfly | Token Sale |
| Brevan Howard Asset Management | Series A |
| Tess Ventures | Series A |
Market signals
Structured signals derived from secondary market and firmographic data.
- Mar 24, 2026
Unreleased game Shrapnel facing development delays amid lawsuit.
- Mar 24, 2026
Unregistered NFT delivery failure alleged in securities fraud suit.
Neon Machine Filings
SEC and related filings with document metadata.
| Typed | Date | Amount Offered | Amount Sold | Filling | Pages | Download |
|---|---|---|---|---|---|---|
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Frequently Asked Questions
Common questions about Neon Machine's valuation, stock price, and market status.
