Egyptian Startup, InGame Sports Secures pre-Seed Round for Expansion
InGame Sports, an Egyptian gaming and sports technology business, has raised over $1 million in cash, in-kind resources, and grants in a pre-seed round that was spearheaded by Openner, a worldwide VC that invests in early-stage tech startups and has a unique combination of capital and technology.
Numerous well-known personalities in world sports, like Sports Radar, as well as other Egyptian and foreign angel investors took part in the round.
“InGame is created to empower and engage its users with unparalleled ways and experiences through new incentive programs. It seeks to deliver an innovative entertainment value to millions of football lovers in the region. As stated by Mohab El Tawila, managing partner of InGame Sports, “InGame objectives its stronghold incorporation in several ground-breaking interactive engagements exciting for football enthusiasts that have never been gathered in the gaming business before.”
Ingame is a 2021-founded football mobile game that offers gameplay together with a reward system to football lovers.
The business will use the additional capital to further its objectives for international expansion, as well as to introduce future add-ons built on Web3 technology infrastructure and integrate blockchain technology throughout all of its modules.
Future plans for the firm include not only a focus on the Egyptian market but also on international expansion. Future add-on releases from InGame will utilize blockchain technology throughout all of its modules and be based on web3 infrastructure.
Additionally, the firm released a popular free-to-play football game in the area, and during the first three weeks of the launch phase, the game had had over 17,000 downloads with an average session length of 3 minutes and 16 seconds.
