What is Third Time?
Founded in 2015 by industry veteran Ian Cummings, Third Time has established itself as a formidable player in the gaming sector. The studio is recognized for its high-fidelity horse racing simulations and its pioneering work on the Solana blockchain. By integrating complex simulation data with blockchain-based ownership models, the company has successfully transitioned from traditional game development to a Web3-native powerhouse. Their market position is bolstered by a history of delivering popular titles and high-profile collaborations, including work for NBC's Triple Crown broadcasts, which demonstrates their technical proficiency and ability to engage mass-market audiences through sophisticated digital experiences.
How much funding has Third Time raised?
Third Time has raised a total of $5.5M across 1 funding round:
Angel/Seed
$5.5M
Angel/Seed (2023): $5.5M with participation from LVP, Big Brain Holdings, Coinbase Ventures, 6th Man Ventures, Sfermion, and Reciprocal Ventures
Key Investors in Third Time
6th Man Ventures
6th Man Ventures is a venture capital firm that partners with innovative founders to build transformative companies, particularly in the blockchain application layer and adjacent technologies.
Sfermion
Sfermion is a multi-strategy investment firm that specializes in the immersive internet, particularly focusing on the metaverse and emerging digital experiences.
Coinbase Ventures
Coinbase Ventures is the investment arm of the leading cryptocurrency exchange, focusing on early-stage companies that are building the foundational infrastructure for the crypto economy.
What's next for Third Time?
With this major enterprise-level funding, Third Time is poised to transition from its initial development phase into a period of aggressive scaling and ecosystem expansion. The strategic roadmap likely involves enhancing the utility of its existing NFT projects and refining the user experience within its Web3 gaming titles. As the studio continues to iterate on its blockchain-integrated simulations, the focus will remain on driving user retention and establishing sustainable economic models within its virtual environments. Investors are closely watching how the company will leverage its recent capital to navigate the evolving regulatory and technological landscape of the metaverse, ensuring that its products remain at the forefront of the next generation of digital entertainment.
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