Total amount raised
$7.3 Millions
Latest funding date
Location
Stan has successfully raised significant funding across three rounds, attracting notable investors such as Nazara Technologies and Aptos. The platform offers esports fans the ability to collect, play, and trade digital collectibles, enhancing their engagement with favorite players and content creators.
Keep reading to explore the intricacies of Stan's fundraising journey and the investors backing this innovative platform.
What Is Stan?
Stan, founded in 2022, is a blockchain-based esports fan engagement startup located in Bangalore, Karnataka, India. The platform allows fans to collect, play, and trade digital collectibles, including NFTs of their favorite esports players and content creators.
Through Stan, fans can win both physical and virtual perks, such as opportunities to meet their favorite players. The company operates with a team of 11-50 employees, driving innovation in the esports industry.
For more detailed information, you can visit their Crunchbase profile.
How Much Funding Has Stan Raised?
- Round Name: Seed Round
- Amount Raised: ₹190M
- Date: May 2022
- Lead Investors: General Catalyst
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To kickstart the company's operations and develop the initial version of their platform.
- Round Name: Seed Round
- Amount Raised: Undisclosed
- Date: February 2023
- Lead Investors: Eximius Ventures, Sprint VC
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To secure additional capital for growth and product development.
- Round Name: Seed Round
- Amount Raised: $2.7M
- Date: January 2024
- Lead Investors: Aptos, GFR Fund, Maelstrom, PixCapital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand operations and enhance the platform's capabilities in the esports and NFT space.
- Round Name: Secondary Market
- Amount Raised: ₹184M
- Date: September 2024
- Lead Investors: Nazara Technologies
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further scale the platform and enhance user engagement features.
Total Amount Raised: $2.7M + ₹374M
Current Valuation: Not publicly disclosed
Key Investors
- Nazara Technologies
- Details: Nazara Technologies is a leading gaming and sports media platform in India. The company has a strong presence in the esports and interactive entertainment sectors.
- Investment Focus Areas: Gaming, Esports, Interactive Entertainment
- Notable Investments: Nodwin Gaming, Sportskeeda, HalaPlay
- General Catalyst
- Details: General Catalyst is a venture capital firm that invests in powerful, positive change that endures. They support founders with a long-term view of success.
- Investment Focus Areas: Technology, Healthcare, Consumer, Financial Services
- Notable Investments: Airbnb, Stripe, Snap
- Aptos
- Details: Aptos is a venture capital firm focused on blockchain and cryptocurrency projects. They aim to support the next generation of decentralized finance solutions.
- Investment Focus Areas: Blockchain, Cryptocurrency, Decentralized Finance (DeFi)
- Notable Investments: Not publicly disclosed
- Eximius Ventures
- Details: Eximius Ventures is an early-stage venture capital firm that invests in technology startups. They focus on companies that are innovating in the consumer internet space.
- Investment Focus Areas: Early-stage startups, Technology, Consumer Internet
- Notable Investments: Not publicly disclosed
- Sprint VC
- Details: Sprint VC is a venture capital firm that invests in innovative technology startups. They aim to support companies that are at the forefront of technological advancements.
- Investment Focus Areas: Technology, Startups, Innovation
- Notable Investments: Not publicly disclosed
What's Next for Stan?
Stan is poised to capitalize on the booming esports and Web3/NFT markets, offering fans enhanced experiences and exclusive digital collectibles. With a focus on popular gaming titles like BGMI and FreeFire, the platform aims to partner with top gaming organizations and players, creating a vibrant ecosystem for fan engagement.
Future fundraising efforts are likely as Stan seeks to scale its operations and optimize its platform. However, challenges such as launching the flagship platform successfully and navigating a competitive landscape remain. Strategic partnerships and a strong team will be crucial in overcoming these hurdles and driving growth.
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