InGame Sports, an Egypt-based gaming and sports-tech startup, secured over $1 million in cash, in-kind resources, and grants in a pre-seed round led by Openner, a global venture capital firm with a unique combination of finance and technology that invests in early-stage digital firms.
Multiple global sports brands, including Sports Radar, as well as Egyptian and foreign angel investors participated in the round.
“InGame aims to provide an innovative entertainment value to millions of football fans in the region, InGame is designed to empower and engage its users with unprecedented ways and experiences through new reward schemes. InGame targets its stronghold incorporation in multiple break-through interactive engagements that are exciting for football fans that have never been assembled in the gaming industry before, Mohab El Tawila, Managing Partner of InGame Sports, said.
The startup’s future expansion strategy includes not only the Egyptian market, but also many other nations. InGame intends to provide add-ons based on web3 technology infrastructure and integrate blockchain technology into its modules in the near future.
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During the first three weeks of its introduction, Ingame’s first free football prediction game had over 17,000 downloads and an average of 3 minutes and 16 seconds of screen time each session, while user acquisition increased.
Charles Rapulu Udoh
Charles Rapulu Udoh is a Lagos-based lawyer, who has several years of experience working in Africa’s burgeoning tech startup industry. He has closed multi-million dollar deals bordering on venture capital, private equity, intellectual property (trademark, patent or design, etc.), mergers and acquisitions, in countries such as in the Delaware, New York, UK, Singapore, British Virgin Islands, South Africa, Nigeria etc. He’s also a corporate governance and cross-border data privacy and tax expert.
As an award-winning writer and researcher, he is passionate about telling the African startup story, and is one of the continent’s pioneers in this regard. You can book a session and speak with him using the link: https://insightsbyexpert