Branch

Branch

Virtual headquarters for remote teams

About Branch

Simplify's Rating
Why Branch is rated
C-
Rated C on Competitive Edge
Rated B on Growth Potential
Rated D- on Rating Differentiation

Industries

Enterprise Software

Education

Company Size

11-50

Company Stage

Seed

Total Funding

$15.1M

Headquarters

Seattle, Washington

Founded

2020

Overview

Branch Technologies, Inc. provides a virtual headquarters for remote teams, allowing users to navigate virtual spaces and engage in spatial conversations that mimic real-life interactions. This platform enhances productivity and company culture by enabling spontaneous chats, similar to those in a physical office. Branch operates on a subscription model based on the number of team members, making it easy for businesses to scale their usage. The goal is to complement existing remote work tools by creating a collaborative environment that fosters meaningful interactions.

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Simplify's Take

What believers are saying

  • Branch raised $12.5M to expand its Web3-based gaming platform.
  • Growing interest in hybrid work models could expand Branch's market.
  • Advancements in Web3 tech enhance Branch's gaming and virtual HQ offerings.

What critics are saying

  • Increasing competition from major players like Microsoft in the virtual HQ space.
  • Reliance on Web3 tech could face regulatory scrutiny affecting Branch's projects.
  • Volatility in the cryptocurrency market may impact Branch's play-to-earn model.

What makes Branch unique

  • Branch combines social apps and gaming for unique interactive entertainment experiences.
  • The platform mimics physical office environments for spontaneous remote team interactions.
  • Branch's subscription model allows easy scaling for businesses without extra guest costs.

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Funding

Total Funding

$15.1M

Above

Industry Average

Funded Over

1 Rounds

Seed funding is usually the first official round after pre-seed, when a startup has a prototype or concept. It’s typically used to develop the product, test the market, and start building the team. Investors here are often angel investors or early-stage venture capitalists.
Seed Funding Comparison
Above Average

Industry standards

$3.3M
$2M
Netflix
$2.3M
Instacart
$3M
Robinhood
$12.5M
Branch

Benefits

Work in our inspiring Seattle office, from home, or a mix of both.

Platinum tier health, dental, and vision insurance 100% paid for by us for you and your dependents.

Unlimited paid time off and sick leave policies.

401(k) with employer matching.

Growth & Insights and Company News

Headcount

6 month growth

-9%

1 year growth

-9%

2 year growth

0%
GeekWire
Feb 20th, 2023
This 24-Year-Old Entrepreneur Wants To Build The ‘First Mainstream Web3 Game’

“If you wanna build a game, you’ve gotta build an actual game,” says Branch CEO Dayton Mills. (Branch Photo). A lot of Web3 video games have built their systems around the sale and trade of NFTs. Castaways, on the other hand, simply gives them away, and it’s rapidly grown its audience as a result.Made in Seattle by the startup company Branch, Castaways is a massively-multiplayer, free-to-play survival game for web browsers that’s currently in alpha. Players enter the in-game world as shipwrecked survivors on a small, remote island, with a goal to build a home for yourself and others. It’s a peaceful game that’s equal parts Animal Crossing and Minecraft.Castaways plays its Web3 integration remarkably low-key, particularly by comparison to other games in its lane

Homebrew
May 23rd, 2022
Branch.gg Secures $12.5M for Web3 Games

Branch.gg, founded by Dayton Mills, has secured a $12.5 million seed funding to expand its team and enhance its web3-based social and fun gaming platform.

Yahoo Finance
May 12th, 2022
‘Animal Crossing Meets Minecraft’: Branch Raises $12.5M for Play-to-Earn Project

Dragonfly, Polychain and Coinbase Ventures were all participants in the game’s seed round.

CoinDesk
May 11th, 2022
Branch received financing of $12.5M in seed round on May 11th 22'.

Gaming startup Branch has raised a $12.5 million seed round to build a play-to-earn game that keeps the crypto out of sight, the company announced Wednesday.

TechCrunch
Nov 21st, 2020
Affirm, Airbnb, C3.ai, Roblox, Wish file for tech IPO finale of 2020

For some of the most awaited Silicon Valley tech companies of the decade, this week looked good enough to file for IPOs

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