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HomeInsightFunding Alert Gaming Platform STAN Secures $2.7 Mn Pre-Series A Funding Round

[Funding alert] Gaming Platform STAN Secures $2.7 Mn Pre-Series A Funding Round

In its pre-Series A round, gaming platform STAN secured $2.7 million from new investors including Aptos Labs, Pix Capital, Maelstrom Fund, GFR Fund, and existing General Catalyst backers. Coinswitch Ventures, TDV Partners, Climber Capital, and CoinDCX Ventures additionally brought to the financing.

The funding raised will be utilised to support the platform’s monetization, fan base growth, and access to the creator market.

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The platform is making use of Web3’s capabilities to create vibrant communities that will satisfy all of their fans’ desires and assist in resolving issues that both casual and serious gamers have.

In May 2022, the business successfully raised $2.5 million from seed funding led by General Catalyst, which also included participation from Better Capital, Eximius Ventures, and other investors.

Read also – [Funding alert] Defence Tech Startup JEH Aerospace Secures $2.75 Mn Seed Funding Led by General Catalyst

About STAN

Founded by Parth Chadha, STAN is Asia’s largest gaming platform catering to gamers and esports enthusiasts in the region. To become the largest esports platform in the world by giving influencers the tools STAN need to connect with their target audience and make money from their eager fan base by selling officially licensed digital collectibles.

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