Metafy Closes $25M Round For Esports Coaching Platform

Metafy recently announced the organization closed a $25 million Series A funding round. This money will reportedly be used for employee hiring along with more acquisitions. The company also plans on investing $1 million into hosting community-driven events and tournaments over the next 18 to 24 months.

Exciting news for Metafy. We already bought some ice cream and a glow-in-the-dark wolf but we still have most of this left.

(Very excited for this Community Fund!) https://t.co/sRsbR7xxX0

— Metafy (@TryMetafy) February 1, 2022

Tiger Global and Seven Seven Six led this round of funding. Back in May, the company held an $8.5 million funding round which was led by Forerunner Ventures. Seven Seven Six participated in that funding round as well.

Metafy is an organization that operates as a marketplace for video game coaching. The company reports that coaches using their service grossed over $1 million in 2021.

(All information was provided by Esports Betting, Next Pittsburgh, and TechCrunch)