Egypt’s number one integrated football gaming and content platform will scale across MENA and SSA
Egyptian daily fantasy football platform, Eksab has secured a $3M Seed funding round, led 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. This round brings the company’s total investment to $3.7M, which Eksab will continue to utilize in investing in product development, talent acquisition for engineering, product, and execute partnerships with a number of leading global football clubs across the MENA region and Africa.
Eksab was launched in 2018 with a mission to make football more exciting and interactive for every fan in the Middle East and Africa, through gaming and online community building. Currently, Eksab is the first and only licensed fantasy football platform in Egypt , has over 700k registered users, and plans to acquire additional licenses to operate in three other countries by mid-2022.
Since the launch of its premium competitions in 2021, Eksab has grown its paying user base by an average of 60% monthly, partnered with over 10 top-tier Egyptian football players and content creator, and through the investment in its technology, Eksab is adding functionality to integrate with leading blockchain-based platforms to enable football fans to capitalize on Web 3.0’s increased speed and transparency.
Commenting on the round, Aly Mahmoud, Eksab Founder and CEO said, “This is a phenomenally high growth period in our business as we look to take our platform to new audiences. We are also really excited to have some leading global investors and partners join this round. The fact that our previous investors are all doubling down on Eksab highlights the great effort the team has put in over the last 12 months and the massive opportunity in the sector. With the growth of Web3 and play-to-earn gaming, we see Eksab as being at the forefront of the digital transformation of football, content, community, and gaming across Africa and the Middle East.”
Dan Marlo, Managing Partner at 4DX added “We have been consistently impressed by the growth Eksab has demonstrated over the past 12 months, powered by technology-backed innovation and unrivaled market knowledge, by Aly and his team. The football gaming market is enormous globally, but especially in MENA. Eksab has built a product and a community that has been rapidly growing in the MENA region but can easily scale across the continent – which fits 4DX’s investment ethos perfectly”.