SportZchain Raises $400,000 Pre-Seed Funding
The company will employ these funds in building its blockchain-based web app and branding & marketing initiatives
SportZchain, a blockchain-based fan engagement platform to connect fans and sports teams, announced recently to have closed pre-seed funding of $400,000. The funding round was led by Darq Capital, a VC fund investing in crypto/blockchain-based ventures and participated by other investors such as Jagadeesh Atukuri, director, Comply Dot, and SHISAN Investments.
The brand will broadly utilize these funds on two fronts: building its alpha version of an interactive blockchain-based web app and implementing branding and marketing initiatives to drive awareness around its unique offerings.
“We are delighted to close our pre-seed funding round successfully. We are also proud to attract relevant investors like Darq Capital, Comply Dot, and Shisan Investments, who believed in our idea and the long-term vision to create a disruptive fan engagement platform that can benefit multiple stakeholders. We are a sports-loving, crypto embracing team with an optimal mix of experience in the fields of strategic consulting, blockchain technology, fintech, and sports marketing with a vision to empower fans and disrupt the fan engagement industry,” SportZchain spokesperson said.
Ideated in March 2021, Singapore-based SportZchain was founded by Siddharth Jaiswal with the belief that sports fans deserve a basic right to be heard by their favorite sports teams, helping them make the right decisions by voting on official binding polls, and reap financial gains by owning branded sports token.
With a vision to convert passive fans into invested fans, the blockchain-driven platform aspires to become a cornerstone in offering radical fan engagement in India, enabling and empowering fans and sports teams to connect better and benefit mutually.