On January 12, 2024, ArenaX Labs announced the closing of a $6 million financing round led by Framework Ventures. This round also saw participation from SevenX Ventures, FunPlus, Xterio, and Moore Strategic Ventures. The company plans to utilize the funding towards developing ArenaX Labs’ flagship game, AI Arena.
ArenaX Labs is a gaming software company that focuses on artificial intelligence.
Osler, Hoskin & Harcourt LLP advised ArenaX Labs with a team consisting of David Jamieson and Mihnea Porime (Emerging and High Growth Companies).