Down round to $965M pre-money (2023); Series D Oct 2025, valuation undisclosed
The rise & fall
6 moments · 2018–2025
The key moments, with employee sentiment along the way.
2018
🌱
2018
Founded by games-industry veterans
A Web3 studio betting that players will want to own — and trade — what they earn in games.
Wikipedia
Nov 2021
📈
Nov 2021
The peak: a $1.25B Series C$1.25B
Joins the unicorn club at the very top of the blockchain-gaming boom.
BusinessWire
2022
2022
Crypto winter chills Web3 gaming
NFT enthusiasm cools and the sector's funding climate turns with it.
CNBC
2022–24
💬
From the inside · Glassdoor reviews, 2022–24
Glassdoor reviews from the markdown years described repeated layoff waves — several employees counted six or more across 2022-24 — along with frequently shifting strategy and acquisitions reviewers said were poorly integrated and later wound down; many still praised colleagues, pay and unlimited PTO even as they lamented the churn.
2023
💔
2023
Down round: $965M — slips out of the club$965M
A raise at ~$965M pre-money pushes the studio back below the $1B line.
PitchBook
Oct 2025
Oct 2025
A Series D at an undisclosed valuation
The new round may have carried Mythical back across $1B — the price wasn't disclosed.
PitchBook
💬 entries paraphrase anonymous, unverified reviews posted publicly on Glassdoor ↗; dated facts carry their source.
How it happened
Mythical Games is a U.S. Web3 gaming studio that reached a ~$1.25B valuation in 2021 during the blockchain-gaming boom. As crypto and NFT enthusiasm cooled, it raised a 2023 round at a ~$965M pre-money valuation — a down round that pushed it below the $1B mark. A later Series D in October 2025 may have re-crossed $1B.
Source: BusinessWire ($1.25B Series C 2021); ~$965M 2023 per PitchBook
