Media Coverage
Source: VentureBeat
Media Coverage
Press Contacts: Erik Cummins, Matt Hyams, Olivia Thomas
10.22.21
A Pillsbury team led by Corporate partner Riaz Karamali in Silicon Valley advised longtime client Concept Art House, the creator of art for video games and nonfungible token collectibles, in a $25 million Series A funding round and related strategic deals.
According to VentureBeat, the San Francisco company is taking part in the same NFT boom that is benefiting artists, blockchain game companies, musicians, and celebrities. In many cases, Concept Art House is supplying the art that those parties use to sell collectibles to fans and gamers.
The market for NFTs surged to new highs in the third quarter of 2021, with $13.2 billion in sales in the first nine months of the year, according to DappRadar. NFTs have exploded in other applications such as art, sports collectibles, and music.
Concept Art House raised funds from both existing and new investors and strategic partners. They included venture capital funds, leading NFT platforms, and individual investors including CEO’s of digital entertainment companies. The investors include Dapper Labs, Animoca Brands, Anthos, Appworks, Blockchain Coinvestors, Fabric VC, Hashkey, Liberty City Ventures, One Football, PKO investments, Polymorphic Capital, Protocol Labs, Redbeard Ventures, Spartan Group, Jeff ‘Jiho’ Zirlin (Axie-Infinity), Gabby Dizon (Yield Guild Games), Vinny Lingham (Civic), and Kevin Lin (Twitch).
To date, Concept Art House has helped ship more than 1,000 games. It has worked on titles such as Call of Duty: Mobile, Fortnite, Game of Thrones: Conquest, Hearthstone, League of Legends, Magic: The Gathering, Marvel: Contest of Champions, NBA 2K series, Roblox, PlayerUnknown’s Battlegrounds, and many more.
In addition to Karamali, the Pillsbury team included Supriya Krishnan, Grace Lee, Albert Gelin, Laura Watts, Cydney Tune, Daniel Budofsky, Matt Rabinowitz, Aaron Hutman and Clinton Jang.