Yesports, the largest Web3 esports engagement platform, has raised an additional $3.8 million ahead of its Initial DEX (decentralized exchange) offering. The new strategic funding round was led by Spartan Capital.
Yesports plans to use the raised funds for onboarding new team members, developing initiatives to evolve Yesports’ technical infrastructure, and expanding its esports team partnerships across the globe.
The latest funding round of Yesports attracted leading web3 VCs, including Spartan Capital, Tess Capital, NGC Ventures, Jsquare, Rising Capital, and BR Capital.
Yesports recently launched its first product, a B2B platform-as-a-service customizable NFT membership solution, empowering esports teams to create their own memberships with perks and experiences for their specific fans in just a few clicks.
Sebastian Quinn, founder and CEO of Yesports, said:
“This latest funding round provides us an opportunity to build out the platform tech and further expand our reach. Continued support by leading investors demonstrates a high conviction in the future for bridging the 500m+ esports fans into the Web3 world — and we’re here to bring this vision to fruition.”
Over the past months, Yesports has teamed up with some of the most prominent esports teams, including Talon Esports, Falcon Andilex, Renegades, Team Empire, and more. The latest Yesports’ partnership was signed in early July with Infinity — the 2021 Liga Latinoamérica (Latin American League) champions.
In January, Yesports raised $2.25 million in a seed funding round from leading crypto investors, including Polygon Studios, Alphabit, Cosmos, Kernel Ventures, Mozaik Capital and NGC Ventures. With the latest round, YeSports has raised a total of $6.05 million in funding over 2 rounds.
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