FanClash to build global esports fantasy platform with $40M funding round
FanClash has secured $40 million in a Series B funding round. The Bengaluru-based startup will use the money to fuel its mission to develop a global esports fantasy, data, and fan engagement platform. FanClash, a Bengaluru-based esports company, has acquired $40 million in Series B investment to help it achieve its goal of creating a worldwide esports fantasy, data, and fan interaction platform. The current fund raising was co-led by existing investors Sequoia Capital India, Falcon Edge, and Info Edge India, as well as Matic Networks (Polygon). This follows a $10 million Series A financing in August 2021 from Sequoia Capital India, Falcon Edge (Alpha Wave Ventures), and Info Edge India. A FanClash representative stated, "The firm expects to use the cash received for worldwide expansion, strengthening the staff, and user acquisition. FanClash launched in India in 2021 and the Philippines in June 2022, with plans to expand to Vietnam and the United States in early 202...