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GameOn - Strategic
Overview
Funding Date
June 13, 2023
Financing amount
$1.7M
Valuation
--
Catagory
About GameOn - Strategic
GameOn (CSE: GET) (OTCQB: GMETF) today announces a strategic financing from industry heavyweights, Lightning Capital and Flow, the blockchain platform started by NBA Top Shot maker Dapper Labs. The funds will be used to accelerate GameOn's PLAYN3XT platform and acquisition of major league IP partners.
The total amount raised is $1.7m from two instruments:
- A series of convertible notes led by Lightning Capital (the "Investment"), signed on June 8, 2023. The Investment has a face value of $1.2m and simple interest at the annual rate of 10% per annum.
- A non-dilutive grant from the Flow Ecosystem Fund, signed on June 5, 2023. The grant funding is subject to certain to-be-announced major league projects and milestones.
Investors
| Investors | Type | Location | Year Founded | #Portfolio Companies | Email Address | Socials |
|---|---|---|---|---|---|---|
| Corporate | -- | -- | 2 | -- | ||
| Corporate | United States of America | 2018 | 1 | https://www.lightning.capital/contact |
Founders & Team
Matt Bailey
Company Profile / Project Introduction
GameOn (CSE: GET) (OTCQB: GMETF) partners with the world’s biggest sports, media, and entertainment companies to launch brand-building, money-making web3-based predictive and fantasy games. With a diverse team of web3, gaming, sports, and media veterans from companies like Take-Two Interactive, EA, Dapper Labs, BSE Global, and Madison Square Garden, GameOn works with broadcasters, TV networks, streaming platforms, leagues, tournaments and sportsbooks to launch and operate best-in-class NFT-based games. Partners include global companies such as NBCUniversal, Bravo, MX Player and Polygon.