Photo Finish Parent Company Announces New Funding
Third Time Entertainment, the parent company of Photo Finish, completed a $2 million Seed investment round, with leading support from investment firm Sfermion.
The Deets
- Second funding after initial $3.5 mllion raise in March 2022.
- Funds fuel Photo Finish™ LIVE, a Solana blockchain-based virtual horse racing game.
- Key partnership inked with Churchill Downs, making it the Official Game of the Kentucky Derby.
- More than $5.1M in revenue was generated from the game within four months post-launch.
The Bulk
Founded in 2015, Third Time Entertainment has deep-rooted gaming expertise and innovation at its core. This recent Seed+ round, amounting to $2 million, firmly positions it for future pursuits, coming after an initial successful $3.5 million raise last March, where major players like London Venture Partners and Coinbase joined.
The crown jewel in its portfolio, Photo Finish™ LIVE, is a Solana-based virtual horse racing platform that holds official partnerships with Churchill Downs and the Kentucky Derby. The platform boasts more than $5.1 million in revenue since launch and is among the most frequently traded NFT projects on the Solana blockchain.
📊 By the Numbers
Photo Finish™ LIVE, within four months:
- Hosted tens of thousands of races.
- Amassed over $2.6M from virtual horse sales.
- Generated an additional $2.5M from entry fees.
🎤 Founder Feedback
We are incredibly grateful for the trust and support from our investors. This new round of funding only further validates and fuels our journey ahead.Ian Cummings, Founder and CEO, Third Time Entertainment
🔜 What's Next?
Plans include expanding product offerings, scaling the team, and diving deep into strategic partnerships, promising more gaming experiences on the horizon for Photo Finish.
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