GameOn has secured $1.7 million in strategic financing from Lightning Capital and Flow to enhance its fantasy sports platform and expand partnerships with major league IPs.
Information on the Target
GameOn (CSE: GET) (OTCQB: GMETF) is an innovative fantasy sports platform based in Vancouver, BC. It has established partnerships with some of the world's largest intellectual property (IP) holders to develop, launch, and monetize web3 gaming experiences. The company aims to transform the way fans interact with sports through its PLAYN3XT platform, which leverages cutting-edge technology to engage audiences and drive monetization.
Recently, GameOn secured a strategic financing opportunity totaling $1.7 million, which will allow the company to enhance its platform and expand its portfolio of major league IP partners. This funding will support GameOn's mission to create a dynamic and profitable gaming environment, capitalizing on the growing web3 sector.
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Industry Overview in Canada
The fantasy sports industry in Canada has gained significant momentum in recent years, driven by increasing consumer interest and the legalisation of sports betting in various provinces. With the rise of digital platforms,
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Lightning Capital and Flow
invested in
GameOn
in 2023
in a Strategic Partnership deal
Disclosed details
Transaction Size: $2M