# FAZE Technologies

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/faze-technologies

- Industry: Software
- Headquarters: Mumbai, India
- Website: www.fancraze.com
- Total disclosed funding: $117M
- Latest round: Series A (Mar 18, 2022)
- Investors on record: 11

## About

FAZE Technologies Inc. specializes in the creation and distribution of officially licensed cricket digital collectibles, enhancing fan engagement through innovative digital memorabilia.FAZE Technologies Inc. was founded in 2021 and is headquartered in Mumbai, India. The company focuses on the digital collectibles market, facilitating a modern engagement platform for cricket enthusiasts. The founders, Anshum Bhambri and Kushagra Kohli, leverage their expertise to drive innovation in this space. The company secured USD 100 mn in Series A funding in March 2022 from investors including B Capital Group and Insight Partners, raising its total funding to USD 100 mn, all from this round. FAZE Technologies has conducted 2 deals to date.FAZE Technologies Inc. offers a platform called FanCraze, which specializes in officially licensed cricket digital collectibles. Users can create accounts to purchase digital packs that include unique cricket-themed collectibles. This platform is designed for cricket fans to collect, trade, and showcase their digital assets, fostering an interactive community centered around the sport. The offerings cater mainly to markets where cricket is popular, such as India, Australia, the UK, and South Africa.For the year 2023, FAZE Technologies reported a revenue of USD 1,559,588,228 and an EBITDA of USD 20,478,240. The company's revenue is generated through direct-to-consumer transactions for digital collectibles, where customers purchase packs that may include exclusive and limited-edition items. Additional revenue streams may arise from partnerships and sponsorships with cricket organizations.Following the recent Series A funding round in March 2022, FAZE Technologies plans to utilize the USD 100 mn raised to expand its presence in the cricket metaverse. This will involve developing new products tailored for cricket fans and enhancing their platform by integrating services for current and emerging partners. The company is also exploring opportunities to enter new markets, particularly targeting regions with growing cricket audiences to broaden its user base and engagement.

## Funding rounds

- Series A, Mar 18, 2022, $100M — Hong Shan, Insight Partners, Mirae Asset Global Investments, Tiger Global Management, Coatue Management, CR7 Services Ltd, Courtside Ventures, B Capital
- Seed, Nov 3, 2021, $17M — Hong Shan, Tiger Global Management, Coatue Management, Courtside Ventures, Bow Capital, Samsung NEXT Ventures, Dapper Labs Inc.

## Investors

- Hong Shan — Seed, Series A
- Tiger Global Management (https://capitalatlas.ai/funds/tiger-global-management) — Seed, Series A
- Coatue Management (https://capitalatlas.ai/funds/coatue-management) — Seed, Series A
- Courtside Ventures (https://capitalatlas.ai/funds/courtside-ventures) — Seed, Series A
- Bow Capital (https://capitalatlas.ai/funds/bow-capital) — Seed
- Samsung NEXT Ventures (https://capitalatlas.ai/funds/samsung-next-ventures) — Seed
- Dapper Labs Inc. — Seed
- Insight Partners (https://capitalatlas.ai/funds/insight-partners) — Series A
- Mirae Asset Global Investments (https://capitalatlas.ai/funds/mirae-asset-global-investments) — Series A
- CR7 Services Ltd — Series A
- B Capital (https://capitalatlas.ai/funds/b-capital) — Series A