- Monkey Tilt raises $30 million in Series A funding to enhance online gambling with social features, allowing users to interact and donate winnings.
- The platform, led by casino veteran Sam Kiki, integrates influencers and cultural icons into its content strategy while adding crypto payment options soon.
Monkey Tilt, a blockchain-powered online gambling platform launched in March, has raised $30 million in a Series A funding round led by Pantera Capital. The platform aims to revolutionize online gambling by integrating social and interactive elements, making the experience more immersive and community-focused.
The brainchild of Sam Kiki, a Las Vegas native with years of experience managing major U.S. casinos, Monkey Tilt combines entertainment and gambling in a socially immersive environment. Unlike traditional solitary online gambling experiences, Monkey Tilt encourages users to engage with friends, gamble collectively, and interact through integrated chat functions. The platform also allows users to donate a portion of their winnings to others, adding a communal aspect to the experience.
Kiki envisions the platform as more than just an online casino, aiming to position it as an entertainment company with a recognizable brand. Monkey Tilt has partnered with celebrities and influencers to create content and drive user engagement, a strategy reminiscent of crypto casino Stake.com. However, Kiki emphasizes that Monkey Tilt goes beyond promotional partnerships by actively incorporating these collaborations into its branding and platform content.
The platform currently offers sports betting and classic casino games such as blackjack, roulette, and slots. Poker and cryptocurrency payment options are expected to be added in the coming weeks, signaling its expansion into digital finance and decentralized payments.
Since its launch, Monkey Tilt has achieved a monthly betting volume of $200 million, reflecting growing user interest in its unique approach. The funds raised in the recent round will be allocated toward marketing, advertising, and building a robust tech team to maintain and enhance the platform.
This funding milestone highlights the increasing investor interest in socially interactive online gambling platforms. Earlier this year, MyPrize, another platform focused on immersive gambling experiences, raised $13 million in funding, valuing the company at $140 million.