Munich-based The Football Company (TFC), an NFT based fantasy football manager, announced on Wednesday that it has raised €2.5M in its Seed round of funding to connect football fans with fantasy gaming in the Metaverse.
The funds will be used to expand into new markets, recruit new employees and set the ground to scale the leading sports NFT ecosystem. “The fresh funding will also help us to take the next steps on our journey and we are very happy to further connect the worlds of football and the metaverse,” says Ante Kristo, co-founder of TFC.
Investors in this roundThe round was led by Dreamcraft Ventures, a Danish venture capital firm founded by Jesper Søgaard and Christian Kirk Rasmussen. Dreamcraft invests in tech startups in the Nordics and Germany, and helps them achieve the next rounds of funding.
Besides Dreamcraft, the round also saw participation from DapperLabs, web3 Studios, BLN Capital, various business angels, and professional football players such as Joshua Kimmich and Cesc Fabregas.
“Driving football culture through technology”
The Football Club (TFC) is the first product of The Football Company. TFC sells tokens that represent analogue merchandise in the form of a 3D object with which users can equip their avatars. The company claims to be the world’s first football metaverse based on avatars and licensed digital collectibles and competitions.
TFC was founded by brothers and serial entrepreneurs Ante and Josip Kristo in 2020, and secured former Bayern München powerhouses Robert and Niko Kovac as founding investors for their idea.
Niko Kovac says, “The Metaverse gives football fans incredible new possibilities to express their passion for their club and show their individuality. It will raise the appeal of fantasy football to a whole new level and I am happy to be part of this movement. As a founding investor of The Football Company, I am delighted to promote an exciting and fresh facet of the sport we love so much.”
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