The esports start-up company FanClash recently announced the organization had secured $40 million in a Series B Funding Round. This money will undoubtedly help the company as it aims to build a global esports fantasy, data, and fan engagement platform.
Alpha Wave Global led the Series B funding round with additional participation coming from Sequoia Capital India, Info Edge, and Polygon. Prior to this, FanClash raised $10 million in its Series A round of funding.
“We focus only on core esports tournaments. We are not looking into casual games. Our thesis is that the world is seeing the emergence of a new kind of sport, and when there’s a new sport, there will be a data layer and a fantasy layer built on top of it,” said Richa Singh, the co-founder of FanClash, in an interview with TechCrunch. “These esports have larger following than cricket, but they lack data and fantasy layers.”
FanClash has some pretty big aspirations. The organization is hoping to launch its product in Vietnam and the United States by 2023. Its services are already available in India and the Philippines.
FanClash is an Indian esports start-up company that was founded in 2020. The organization is aiming to bring hit video game titles like CS:GO, Dota 2, and more to the world of fantasy sports.