Swiss-Ukrainian company Blocksport.io raises $900k to launch NFT platform
Swiss-Ukrainian company Blocksport.io has raised $500,000 of seed funding. Panda Capital was the lead investor; Aves Lair, CV VC, and two angels also participated in the round. Besides, the company raised another $400,000 in USDT through a token sale. This was reported to AIN.UA by Vladimir Liulka, the co-founder and CEO of Blocksport.io (co-founder of Intellica, former CEO of BrainBasket Foundation).
The funds raised will be spent on the development of the main App-as-a-Service product and its scaling in the global markets. Also, the company plans to develop and launch a new NFT platform and strengthen the development team in Ukraine.
Blocksport.io is a Swiss-based sports-tech agency with a focus on video games, esports, and sports. Its main product is an App-as-a-Service platform — a branded mobile app for sports teams, streamers, influencers, federations, and leagues. With the app, users can monetize fan activity through gamification.
Blocksport.io was founded in 2019 by Ukrainian Vladimir Liulka and German Semih Kaçan. The company went through four accelerator programs: at CV Labs incubator in Switzerland, HYPE Sports Innovation Accelerator (London, Tel Aviv), Acceleradar by Sportradar in Switzerland, and Aves Lair in New York.
The head office of Blocksport.io is based in Switzerland, but the main R&D center is located in Ukraine. As of today, the company employs 15 people.
According to Liulka, Blocksport.io is the leader in the market of mobile fan apps for esports with a 7 percent market share. The investment will allow Blocksport.io to develop and launch gaming NFT tokens for its customers.