# MegaFans

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/megafans

- Industry: Software
- Headquarters: Las Vegas, US
- Website: www.megafans.com
- Total disclosed funding: $0.5M
- Latest round: Seed (Nov 24, 2021)
- Investors on record: 2

## About

MegaFans Inc. is a mobile esports gaming company that provides a platform for competitive gaming through tournaments, allowing users to engage in various games and earn rewards for their achievements.Founded in 2017, MegaFans Inc. is based in Las Vegas, US, and specializes in mobile esports gaming. The company was established by Jeff Donnelley, who has a history of founding other companies. To date, MegaFans has completed three deals, with its most recent deal occurring on November 24, 2021. In that round, they raised USD 500,000 in Seed funding, led by Alphabit and participated by Launchpool Limited. The total amount raised by the company stands at USD 500,000.MegaFans specializes in mobile esports gaming, providing a platform for users to engage in competitive gaming through tournaments. Their core offerings include games like 'Candy Boo Mania,' 'Crash n Win,' and 'Tunnel Tournament,' catering to gamers of all skill levels. The platform enables users to download games, participate in tournaments, and earn prizes and rewards for their performance, fostering an engaging competitive environment. MegaFans serves mobile gamers globally, focusing on regions with growing esports participation, including North America, Europe, and parts of Asia.The company's revenue model is based on user participation in tournaments and events facilitated on their platform. Users pay entry fees to join tournaments, which contribute to the prize pools awarded to top performers. Additionally, partnerships and sponsorships with game developers and brands create further revenue streams. MegaFans may offer subscription plans for premium access to exclusive tournaments or ad-free experiences, supporting its ongoing operations and growth in the competitive gaming industry.In November 2021, MegaFans Inc. raised USD 500,000 in Seed funding, led by Alphabit and with participation from Launchpool Limited. The company plans to use this funding to accelerate its growth and expand its operations. Future initiatives include developing new games and enhancing the platform to attract more players. MegaFans aims to expand into new markets, specifically targeting regions in Asia and Europe by 2023, to capitalize on the growing interest in mobile esports.

## Funding rounds

- Seed, Nov 24, 2021, $0.5M — Alphabit, Launchpool

## Investors

- Alphabit (https://capitalatlas.ai/funds/alphabit) — Seed
- Launchpool (https://capitalatlas.ai/funds/launchpool) — Seed