Eksab, a daily fantasy football website based in Cairo, has secured $3 million in a seed round headed by 4DX Ventures, with participation from Darwazah Capital, Golden Palm Investments, P1 Ventures, and a number of strategic angel investors from the local and global sports and entertainment ecosystem.
Through gaming and online community development, Eksab was founded in Egypt in 2018 with the goal of making football more entertaining and participatory for every fan in the Middle East and Africa.
Players can enter free or premium competitions, make predictions, and select line-ups, with the top scorers ascending the leaderboard and winning cash and prizes.
“As we look to expand our platform to new audiences, we’re in the midst of an incredibly high growth era in our business.” We’re also very happy to have some of the world’s most prestigious investors and partners participate in this round. The fact that all of our previous investors are reinvesting in Eksab demonstrates the tremendous effort the team has put in over the last year, as well as the enormous possibilities in the sector. We envision Eksab as being at the vanguard of the digital transformation of football, content, community, and gaming across Africa and the Middle East, with the growth of Web3 and play-to-earn gaming,” Eksab Founder and CEO Aly Mahmoud stated.
In Egypt, Eksab presently has over 700,000 registered members who compete in daily, weekly, and monthly fantasy and prediction tournaments.
Eksab is actively building features to link with prominent blockchain-based platforms as it invests more in its technology, allowing football fans to benefit from Web 3.0’s increased speed and transparency.
This round increases Eksab’s total funding to $3.7 million, which it will utilize to expand its user base across MENA and Africa, engage in product development, hire engineering and product talent, and form collaborations with a number of top global football clubs.
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