Egypt’s InGame Sports raises pre-Seed round
- Egypt-based gaming platform InGame Sports, has raised over $1 million in cash, in-kind resources, and grants in a pre-Seed round led by Openner, with participation from Sports Radar and other Egyptian and foreign angel investors.
- Founded in 2021, Ingame is a football mobile game that introduces gameplay accompanied by a reward scheme to football fans.
- The new funding will fuel the startup’s expansion plans into multiple countries, as well as launch add-ons built on Web3 technology infrastructure and incorporate blockchain technology across its modules in the future.
InGame Sports, an Egypt-based gaming and sports-tech startup raised over $1 million in cash, in-kind resources, and grants in a pre-seed round led by Openner, a global VC with a unique combination of capital and tech and invests in early-stage tech startups.
The round also witnessed participation from multiple international sports names such as Sports Radar and other Egyptian and foreign angel investors.
“InGame aims to provide an innovative entertainment value to millions of football fans in the region, InGame is designed to empower and engage its users with unprecedented ways and experiences through new reward schemes. InGame targets its stronghold incorporation in multiple break-through interactive engagements exciting for football fans that have never been assembled in the gaming industry before, Mohab El Tawila, Managing Partner of InGame Sports, said.
The startup’s future plan doesn’t only cover the Egyptian market but also aims to expand through multiple countries. InGame is planning to launch add-ons that are built on web3 technology infrastructure and incorporate blockchain technology across its modules in the future.
The startup also rolled out a prime free-to-play football game in the region and within the first 3 weeks of the launch phase, the game achieved over 17,000 downloads with an average of 3 minutes and 16 seconds of screen time per session.