HQ Trivia raises $15 million in funding
Growing trivia game platform offers real-money prizes, is now worth $100 million
HQ Trivia has raised $15 million in a new round of funding that values the company at $100 million.
According to Axios, which first reported the terms of the deal, the round was led by the Founders Fund, and also included a contribution from existing investor Lightspeed Venture Partners. Founders Fund partner Cyan Banister will join the HQ Trivia board.
"I believe HQ can grow into the next generation-defining entertainment platform," Banister said in a statement. "I'm excited to support Rus [Yusupov] and Colin [Kroll] as they continue executing on their incredibly ambitious vision for the company."
HQ Trivia founders Yusupov and Kroll plan to build up the company's engineering team, and will start to roll out the popular mobile app to new territories across the world. The new funding will also facilitate a push towards larger real-money prizes - one of HQ Trivia's unique selling points.
The growth of HQ Trivia presents a strong challenge to Etermax's Trivia Crack, one of the most established brands in the mobile trivia game market with 350 million registered users at the close of 2017. The Argentinian company will open a new office in Berlin, Germany this year.