Fungiball funding news – French-based Fungiball Raises €2.2 Million in Pre-Seed Funding

Investors of the round

The funding came from private investors like Adrien Dassault and Stephan Altmuller, along with support from Cliff Capital and BPI France.

In exciting news, tennis stars Daniil Medvedev and Alexander Zverev are joining as official ambassadors. The Paris-based startup plans to use the funds to expand its tech team, grow internationally starting with North America, and introduce new features like free-to-play options and fiat payment methods.

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Medvedev expressed his excitement, saying, “I love the concept behind Fungiball. It brings fresh energy to tennis and helps young players earn extra income.”

Launched in January 2024, Fungiball allows users to join fantasy tennis games while providing professional players with an additional way to earn money. The platform has already gained over 5,000 registered users and features more than 300 professional players.

Co-founder and CEO Jean Matias stated, “Our vision is to become the leading digital tennis platform, offering everything from gameplay and fan engagement to content consumption, and a new revenue stream for professional tennis players. Today’s round will help us sustain our growth and accelerate our geographic expansion as well as build out the team.”

The global tennis market is valued at over $6 billion, with the equipment sector expected to reach $7.5 billion by 2025. Fungiball’s business model includes selling player cards through auctions and a secondary market, giving players an extra income source and fans a unique way to engage.

A Bright Future for Fungiball

With over 300 professional players featured, including both men and women, Fungiball combines fandom with investment.

With support from tennis stars and new funding, Fungiball is set for success. Led by CTO Romain Boudré the platform is in talks with major tennis organizations and plans to launch bigger competitions with larger prize pools. New features like Stripe integration and free-to-play modes will enhance user experience and attract more users.

The company is also working on creating a more immersive experience for fans, with plans for VIP tournament seats and chances to meet tennis stars in person.

Fungiball has a multi-year partnership with Winners Alliance, the commercial arm of the Professional Tennis Players Association (PTPA), allowing it to feature the names and images of over 300 top players. This gives athletes more visibility and additional revenue from their presence on the platform. Earlier this year Fungiball also partnered with the well-known French sports retailer Le Coq Sportif.

About Fungiball

Fungiball lets players create avatars and compete for rewards while improving their tennis skills, offering a fun way to engage with the sport and advance their careers.