Monday, March 12, 2018

Blast Picks Up $5M For Micro Savings Startup

Newport Beach-based startup Blast has raised $5M, to help turn games into "micro-saving" earning tools, the company said today. According to Blast, the company's $5M seed funding came from Forbes and Roth families, Core Innovation Capital, Great Oaks Venture Capital, Snowmass Private Equity, Wilson Sonsini Goodrich & Rosati, and others. Blast was created by Acorns chairman and co-founder Walter Cruttenden, and lets videogame players accumulate "micro-savings", which allow gamers to earn savings for "missions", and where those players earn interest on their micro-savings balances. Blast said it is current in closed beta, and will launch its services soon. More information »