Portuguese startup RealFevr Raises €10M in Series A to Build GameFi Sports Ecosystem

RealFevr began its Web3 journey last year with the launch of the first football video NFT marketplace.
Image source: RealFevr

Quick take:

  • RealFevr is building a P2E sports game called Fevr Battle Arena.
  • It has also launched a football fantasy leagues game with over 2 millions downloads.
  • Funds will be used for team expansion, marketing, acquisition of sports IP rights and more.

Portuguese startup RealFevr has raised €10M in Series A funding led by Dvantage, with the participation of Semapa Next, Shilling Capital Partners, APEX Capital, and professional football player Sérgio Oliveira.

Founded in 2015 n the fantasy markets with a football fantasy leagues game that currently has over 2 Million downloads on iOS and Android, RealFevr broke into the Web3 space when it launched the first-ever fully licensed football video NFT marketplace late last year.

The NFTs will be integrated into FEVR Battle Arena, a new P2E football game that is currently in the alpha testing stage.

The fresh funding will be used to hire new talent, acquire more sports intellectual property rights, organise physical and digital brand activations with present and future Web2 and Web3 partners as well as game development and overall ecosystem growth.

Since starting its Web3 journey in late 2021, RealFevr has launched its own native token, created the first football, now multi-sports, video NFT marketplace, and established official partnerships with organizations such as Liga Portugal, Portuguese Football Federation, Torino FC, and Beach Soccer Worldwide. 

Digital collectibles on the NFT marketplace include highlights and moments featuring football RealFevr’s global ambassador and shareholder Bruno Fernandes, as well as some of the biggest football stars like Cristiano Ronaldo, Iker Casillas, Zlatan Ibrahimović, Ángel Di María, Ronaldinho, Eric Cantona, Totti, Rúben Dias, and many others.

The company has also surpassed the 1 million mark of the total registered number of smart-contract transactions on the BNB blockchain. It has also sold out over 140,000 NFT packs, with all of its pack drops selling out within 24 hours.

“As global sports investors, we’ve seen our fair share of startups building products at the intersection of sports and Web3. What immediately stood out about the RealFevr team, was not only their deep domain expertise in the Web3 and blockchain spaces, but also their focus on, and understanding of, what it takes to build community. We can’t think of a better time to be building something lasting in space and are thrilled to be partnering with a team that will be pushing this industry forward,” said Jeremy Pressman, Partner at ADvantage Sports Tech Fund.

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