Yesports, Raises $3.8M in Oversubscribed Strategic Round
Yesports has announced a highly successful new strategic funding round led by Spartan Capital. The round itself brought in a further $3.8 million ahead of its additional DEX offering.
A litany of leading web3 venture capitals participated in the strategic round, including Spartan, Tess Capital, NGC Ventures, Jsquare, Rising Capital, and BR Capital.
With this strategic funding, Yesports aims to further develop its Web 3 Engagement Platform (W3EP) and support the ushering in of a new way of engagement between esports teams and a global community of esports fans. Specifically, the funds will go towards recruiting and onboarding new staff, along with developing new initiatives to build out Yesports technical infrastructure and esports partnerships.
“This latest funding round provides us an opportunity to build out the platform tech and further expand our reach,” said Sebastian Quinn, founder and CEO of Yesports. “Continued support by leading investors demonstrates a high conviction in the future for bridging the 500m+ esports fans into the Web3 world — and we’re here to bring this vision to fruition.”
As part of the W3EP, Yesports recently launched its first product, a B2B platform-as-a-service customizable NFT membership solution, empowering esports teams to create their own memberships with perks and experiences for their specific fans in just a few clicks.