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XVC tech leads $1.2 Million pre-seed funding for Fanzword

XVC tech leads $1.2 Million pre-seed funding for Fanzword
Mayssae Ajzannay
Mayssae Ajzannay

3 min

Fanzword, a UAE E-Sports startup, garners $1.2 Million in pre-seed funding from XVC tech and regional angels.

Launched in 2021 by Ibrahim El Mohdar and Amr El-Beheiry, Fanzword creates a digital arena for football fans to engage and earn.

With recent funding, Fanzword will strengthen its regional footprint and boost its Web3 gaming features.

Dubai's Fanzword, a leading football fan engagement platform, has recently garnered significant attention in the football universe. The firm has catapulted to new heights with an exhilarating partnership with XVC Tech, a fund renowned for emphasizing burgeoning Web3 startups. This alliance, backed by a hefty $1.2 million investment, promises to amplify Fanzword's regional prominence while simultaneously reshaping the contours of web3 gaming in the Middle East. Founded by the visionary duo Ibrahim El Mohdar and Amr El-Beheiry in 2021, Fanzword's ambition was always colossal – crafting a digital arena for ardent football enthusiasts. As the app garners rave reviews and astronomical download figures, its trajectory only promises more innovation and success in the coming days.

Press release:

Fanzword, the Dubai-based Football Fan Engagement platform that's taken the football world by storm, is thrilled to announce a game-changing partnership with XVC Tech, a $125 million fund specialising in early-stage Web3 start-ups. The partnership includes an investment commitment worth $1.2 million in the Pre-Seed round led by XVC Tech and other Angel Investors from the region. This strategic collaboration not only secures Fanzword's path to regional dominance but also sets a new benchmark for web3 gaming in the Middle East. 

In a world where football unites billions, Fanzword has emerged as the ultimate platform for passionate fans. With over 250,000 downloads, a staggering 15 million predictions, and an outstanding 4.7/5 rating on Apple Store and Google Play, Fanzword has earned its place as the go-to destination for football aficionados.

The journey began in 2021 when Fanzword's co-founders, Ibrahim El Mohdar and Amr El-Beheiry, set out to create more than just an app—they aimed to forge a virtual stadium where fans could not only follow their beloved teams but also connect, interact, and earn mega rewards.

"We believe that it's the perfect time to leverage a Football Fan Engagement Platform in the Middle East," said Ibrahim El Mohdar, Co-Founder & CEO at Fanzword. "Especially after the resounding success of the World Cup in Qatar and the Saudi Pro League's blockbuster signings of football legends like C.Ronaldo, Neymar Jr, and Benzema."

Johan Lundberg, founding partner and board member at XVC Tech shares the enthusiasm, stating, "We believe that the partnership with Fanzword will not only reshape web3 gaming but also accelerate the adoption of NextGen Technology Solutions in the Middle East and beyond."

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Fanzword's explosive growth in 2022, with a user base increase 120x, sets the stage for exciting new features like Football Fantasy. But that's just the beginning. Fanzword is committed to evolving into a web3 gaming powerhouse, and with XVC Tech by its side, the future looks brighter than ever.

Amr El-Beheiry, Co-Founder & CCO at Fanzword, envisions Fanzword as "the one-stop shop for football fans worldwide—a colossal virtual stadium where the NextGen can unite."

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