Eterlast raises $4.5m in seed funding to expand its Web3 sports gaming platform.
Supernode Global led the seed round for the sports-focused Web3 gaming startup.
≈ £3.9M at $1 = £0.8657 on 8 Nov 2022
Eterlast is a London-based gaming company that builds branded Web3 experiences in partnership with major sports organisations.
Eterlast has emerged from stealth mode after securing $4.5m in a seed funding round led by Supernode Global. Additional backing came from Play Ventures, Active Partners, Founders Factory, Stake Capital, and Immutable X.
The London and Barcelona-based company will direct the capital towards user acquisition and brand partnerships over the coming year as it develops its sports-focused Web3 gaming ecosystems. Eterlast currently works within boxing and rugby, having partnered with Queensberry Promotions to utilise extensive fight archives.
The startup was spun out from the Founders Factory venture studio and is built on Immutable X infrastructure. Chief executive Joan Roure founded the business, which currently employs roughly 16 people.
From the founder
"We are embarked on a mission, building the bridge for the next billion fans to enter Web3. We are targeting to consolidate fragmented global sports that tap into hundreds of millions of fans that enjoy their sport regularly. We understand NFTs not as a product but as a technology that enhances the experience of current use cases around gaming, collecting, and experiencing live events. With that view, we are building holistic ecosystems that combine those three elements. This funding will enable us to launch our first officially licensed products and build robust pillars to keep scaling."
Joan Roure
CEO and founder at Eterlast
Investor perspective
"We are incredibly excited to be leading Eterlast’s Seed round. The team has done a fantastic job securing impressive partnerships and IP to integrate with their platform. In our view, there is a huge opportunity at the intersection of Sport and Web3, and Eterlast is uniquely positioned to capitalise on this. This is a pivotal point for the company, and we’re delighted to be participating alongside many other specialist investors."
Oli Strong
Supernode Global
Use of funds
- 01Fund the next phase of growth
Investors
Oli Strong
Supernode Global
Play Ventures
Active Partners
Founders Factory
Stake Capital
Immutable X