Funding

[Funding alert] Eindhoven-based CityLegends Secures €1Million in Seed Funding

Nov 23, 2023 | By Startup Rise EU

Eindhoven-based CityLegends Secures €1Million in Seed Funding. LeanSquare, LUMO Labs, imec.istart, Dutch Sport Tech Fund, and angel investor and industry specialist Matthieu de Clercq supervised the syndicate of investors in this round.

Eindhoven-based CityLegends Secures €1Million in Seed Funding. LeanSquare, LUMO Labs, imec.istart, Dutch Sport Tech Fund, and angel investor and industry specialist Matthieu de Clercq supervised the syndicate of investors in this round.

CityLegends wants to be the most prominent platform where artists and urban athletes may compete and socialise whenever, whenever, and whoever they choose.

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With this new funding, CityLegends will be able to expand its user base and marketing activities throughout Western Europe and begin launching its go-to-market plan in collaboration with urban sports brands on the U.S. West Coast. It will additionally make it easier to enhance its in-app premium model by adding new features that will improve consumers' experiences overall.

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Jimmy Hermans, co-founder and CEO of CityLegends said, “We are forging the platform for the local and global community of unbound urban athletes and artists, CityLegends is all about video-driven content, exploring new spots and connecting with others. We are building the world’s largest global community based on the needs of our community.”

The investor group's total commitment shows how much they support CityLegends' vision and ability to completely transform the urban sports and entertainment scene.

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LeanSquare Investment Manager Bertrand Joiret said, “LeanSquare is delighted to support CityLegends, as our mission includes catalyzing innovation and driving impact,” “CityLegends perfectly embodies these values by pushing the boundaries of technology to make urban sports more accessible, exciting and connected than ever. We believe in the growth potential of CityLegends, its talented team and its cutting-edge technology. Through our capital, expertise and network, we are committed to guiding the CityLegends team on its growth journey, reinforcing our commitment to creating a more vibrant and connected urban future.”

Andy Lürling, Founding Partner at LUMO Labs said, “CityLegends’ progress and achievements are fuelled by Jimmy’s and the rest of the team’s relentless and uncompromising dedication to their mission and community, We are very excited to continue to support them and are very much looking forward to the road ahead.”

Matthieu de Clercq, angel investor, said: “CityLegends’ commitment to uniting urban sports and culture enthusiasts is done in a highly innovative way and fits numerous locations across the world. I believe in their potential to revolutionize this landscape and create a global community that inspires and connects.”

About CityLegends

The CityLegends platform finds and shares athletes' "clips," "spots," "jams," and competitions, empowering athletes. In order to compete in a variety of competitions linked to a worldwide ranking system, athletes produce material for urban esports. As a result, the website gives users the chance to win virtual milestones, goods, money, and even entry to real-world World Cup qualifiers.

Read also - London-based Generative Engineering Secures €4 Million Pre- Seed Funding

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