Faraway - About the company
Faraway is a series A company based in Miami (United States), founded in 2021 by Dennis Zdonov and Alex Paley. It operates as a Blockchain-based platform offering development tools for games. Faraway has raised $29M in funding from Lightspeed Venture Partners and FTX. The company has 450 active competitors, including 114 funded and 4 that have exited. Its top competitors include companies like Sorare, Animoca Brands and Dapper Labs.
Company Details
Blockchain-based platform offering development tools for games. It offers open economy games such as Mini Royale Nations. It also offers a development platform for creators to create games. It also provides NFT minting, a creator suite, and creates new heroes that can be used in Mini Royale games.
- Website
- faraway.com
- Social
- Email ID
- *****@faraway.gg
Key Metrics
Founded Year
2021
Location
Miami, United States
Stage
Series A
Total Funding
$29M in 2 rounds
Latest Funding Round
Investors
Ranked
19th among 450 active competitors
Employee Count
43 as on Sep 30, 2026
Similar Companies
Legal entities associated with Faraway
Faraway is associated with 1 legal entity given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
Faraway Inc. CIN: 871032496 , United States, Active | Jul 10, 2023 | - | - | - |
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Faraway's funding and investors
Faraway has raised a total funding of $29M over 2 rounds. Its first funding round was on 2021. Its latest funding round was a Series A round on Nov 04, 2021 for $*****. 7 investors participated in its latest round. Faraway has 10 institutional investors.
Here is the list of recent funding rounds of Faraway:
Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Nov 04, 2021 | 8392382 | Series A | 3225725 | 1070080 | 5322401 | 3710258 |
2021 | 7060 | Seed | 5807 | 1428 |
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Faraway's founders and board of directors
Founder? Claim ProfileThe founders of Faraway are Dennis Zdonov and Alex Paley.
Here are the details of Faraway's key team members:
- Dennis Zdonov: Co-Founder of Faraway. Contact Info: 1 email address
- Alex Paley: Co-Founder of Faraway.
View details of Faraway's Founder profiles and Board Members
Faraway's employee count trend
Faraway has 43 employees as of Sep 26. Here is Faraway's employee count trend over the years:
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Faraway's Competitors and alternates
Top competitors of Faraway include Sorare, Animoca Brands and Dapper Labs. Here is the list of Top 10 competitors of Faraway, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Provider of blockchain-powered fantasy sports marketplace for a variety of sports | $739M | 78/100 | ||
2nd | Animoca Brands 2006, Hong Kong (China), Series C | Web3 technology investment and venture-building company | $973M | 77/100 | |
3rd | Dapper Labs 2018, Vancouver (Canada), Series D | Blockchain-based games developer for PC and console | $666M | 74/100 | |
4th | Developer of blockchain games and infrastructure for player-owned digital economies | $311M | 69/100 | ||
5th | Blockchain based gaming platform to create virtual assets | $19M | 65/100 | ||
6th |  Metaplex 2021, Chicago (United States), Series C | Online platform for developing NFTs marketplaces | $46M | 60/100 | |
7th | Forte 2019, San Francisco (United States), Series B | Provider of Web3 infrastructure and compliance platform for blockchain projects | $910M | 58/100 | |
8th | Blockchain-based network for NFT | $9M | 53/100 | ||
9th | Blockchain designed for gaming, smart NFTs, and dApp integration | - | 52/100 | ||
10th | Jambo 2022, Cape Town (South Africa), Series A | Platform building web3 mobile infrastructure solutions | $37.5M | 52/100 | |
19th |  Faraway 2021, Miami (United States), Series A | Blockchain-based platform offering development tools for games | $29M | 47/100 |
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Faraway's Investments and acquisitions
Faraway has made no investments or acquisitions yet.
Reports related to Faraway
Here is the latest report on Faraway's sector:
News related to Faraway
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Faraway: Acquired Yuga Labs’ Two Major Game Ips “Hv-mtl” And “Legends Of The Mara”ChainCatcher•Apr 17, 2024•Faraway, Yuga Labs
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