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French fantasy tennis platform Fungiball secures €2.2M funding: An exclusive interview with Jean Matias CEO and founder
- Fantasy tennis platform Fungiball, based in Paris, has announced it raised €2.2m in a pre-seed funding round with support from private investors including Adrien Dassault, alongside participation from Cliff Capital and BPI France.
- Funds will be used to grow the tech team to scale the platform, develop new features and expand internationally, starting with North America, Europe, and Asia.
- Besides funding, Fungiball also announced the appointment of two tennis superstars — Daniil Medvedev and Alexander Zverev, as official ambassadors.
- Fungiball Tennis provides fans with an interactive, immersive experience where they can build their dream teams, trade players and earn rewards.
- Distributed player cards can be traded on a secondary trading market along with an auction system, which creates additional revenue streams for the Fungiball brand.
- The company has established more than 5,000 registered users since its January 2021 launch.
- Fungiball addresses the challenge of creating a fantasy sports platform for tennis, considering the difficulty in obtaining licensing from players and tennis bodies.
- Co-founder Jean Matias announced the firm also has a partnership with France’s iconic Le Coq Sportif sports retailer.
- Establishing partnerships and obtaining licensing from players and tennis bodies was crucial to our success but required time and careful negotiation,” he says.
- Fungiball offers a solution that benefits both established stars and emerging talent by offering opportunities to earn based on performance and popularity.
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