GameOn secures a $1.7 million strategic financing from Lightning Capital and Flow to enhance its web3 fantasy sports platform and partner with major league IPs.
Information on the Target
GameOn (CSE: GET) (OTCQB: GMETF) is an innovative fantasy sports platform that collaborates with prominent intellectual properties (IPs) to create, manage, and monetize web3 gaming experiences. The company is poised to enhance its PLAYN3XT platform and expand its partnerships with major league IPs through the new funding received. This initiative demonstrates GameOn's commitment to building engaging and profitable gaming environments in the evolving landscape of sports entertainment.
Industry Overview in the Target’s Specific Country
The fantasy sports industry has witnessed exponential growth in recent years, fueled by increasing digital engagement and the growing popularity of web3 technologies. Canada, the home base of GameOn, serves as a fertile ground for these developments, with a dynamic sports culture and innovative gaming legislation that support the expansion of digital gaming solutions.
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In Canada, the government has made strides in legitimizing online gambling, leading to an influx of platforms offering fantasy sports and gaming experiences. Maj
Similar Deals
Lightning Capital and Flow
invested in
GameOn Entertainment Technologies Inc.
in 2023
in a Seed Stage deal
Disclosed details
Transaction Size: $2M