GameOn (CSE: GET) (OTCQB: GMETF), a Vancouver, Canada-based provider of a fantasy sports platform, raised $1.7M in funding.
The total amount came from two instruments:
- A series of convertible notes led by Lightning Capital signed on June 8, 2023. The Investment has a face value of $1.2m and interest at the annual rate of 10% per annum.
- A non-dilutive grant from the Flow Ecosystem Fund, signed on June 5, 2023, subject to certain to-be-announced major league projects and milestones.
The company intends to use the funds to accelerate its PLAYN3XT platform and acquisition of major league IP partners.
Led by CEO Matt Bailey, GameOn partners with sports, media, and entertainment IPs to launch brand-building, money-making web3 games (with web2-friendly rails). to engage, retain, and monetize audiences.
GameOn has launched products for NBCUniversal, Bravo, Karate Combat, Times Internet, the WNBA, DICK’S Sporting Goods, and Gaming Society.
FinSMEs
14/06/2023