
Bravo Ready
An indie game company concentrating on bridging the gap between blockchain and gaming through Web3.
Date | Investors | Amount | Round |
---|---|---|---|
- | investor investor | €0.0 | round |
investor investor investor investor investor | €0.0 | round | |
investor investor investor investor | €0.0 | round | |
* | N/A | Early VC | |
Total Funding | 000k |
USD | 2022 | 2023 |
---|---|---|
Revenues | 0000 | 0000 |
% growth | - | 25 % |
EBITDA | 0000 | 0000 |
Profit | 0000 | 0000 |
EV | 0000 | 0000 |
EV / revenue | 00.0x | 00.0x |
EV / EBITDA | 00.0x | 00.0x |
R&D budget | 0000 | 0000 |
Source: Dealroom estimates
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Bravo Ready is a Montreal-based indie game studio, founded in 2022 by CEO Evan Ryer and CTO Jon Cohen, aiming to integrate blockchain technology with mainstream gaming. Ryer, who holds a Bachelor of Commerce from Concordia University, previously founded and sold a social gaming platform, bringing experience in both finance and gaming to the venture. His motivation stemmed from the desire to create tangible value for the time gamers invest, making in-game items liquid and transactable.
The company's flagship product is BR1: Infinite Royale, a tactical, risk-based shooter built on the Solana blockchain. The game introduces a distinct "pay-to-spawn, kill-to-earn" model; players pay a fee (e.g., $1) to enter the game and earn cryptocurrency for each opponent they eliminate. This model is designed to reward skill and time commitment directly with financial value. The game operates on a continuous, open-ended map without traditional start or end times, allowing players to join at any point. Revenue is generated through several streams: a service fee of 10-25% on player earnings, the sale of NFT-based character skins and loot boxes which offer players better retention rates on their earnings, and in-game advertising opportunities.
Bravo Ready has successfully raised capital to fund its development, securing a $3 million seed round in July 2022 from investors including Solana Ventures, 6th Man Ventures, and Shima Capital. This was followed by another round in March 2023 for an undisclosed amount from investors like Aptos and GDA Investments. These funds are allocated to accelerate game and software development, with the stated mission of prioritizing a compelling gaming experience as the foundation for a sustainable economic model.
Keywords: Web3 gaming, blockchain games, play-to-earn, NFT, Solana, battle royale, risk-based shooter, indie game studio, skill-based gaming, crypto gaming