# Stakefair

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

- Industry: Software
- Headquarters: Singapore
- Website: www.stakefair.io
- Total disclosed funding: $0.7M
- Latest round: Seed (Jul 13, 2022)
- Investors on record: 9

## About

Based in Singapore, and founded by Akinyemi Akindele (CEO) in 2021, Stakefair fka BetDemand is decentralized finance (DeFi) company that allows users to stake digital currencies on gaming and other events in order to earn rewards while minimizing risks. In July 2022, Stakefair raised USD 670,000 in pre-Seed funding from new investors Adaverse, Canza Finance, EchoVC Partners, Kepple Africa Ventures, Nestcoin holding Ltd, etc. 

The firm offers a platform where users can invest their digital assets and earn interest while predicting the result of a sports event and earn back their money even in cases of a loss of the outcome predicted. For developers, Stakefair helps teams build Protocol Buffers APIs for building new or existing APIs. 

The company intends to use the July 2022 funding to build an ecosystem for decentralized and centralized platforms for the metaverse.

## Funding rounds

- Seed, Jul 13, 2022, $0.7M — EchoVC Partners, Kepple Africa Ventures, Voltron Capital, Nestcoin holding Ltd, Canza Finance, Emurgo Ventures, Adaverse, Saturn Blockchain Ventures, Thrive Africa

## Investors

- EchoVC Partners (https://capitalatlas.ai/funds/echovc-partners) — Seed
- Kepple Africa Ventures (https://capitalatlas.ai/funds/kepple-africa-ventures) — Seed
- Voltron Capital (https://capitalatlas.ai/funds/voltron-capital) — Seed
- Nestcoin holding Ltd — Seed
- Canza Finance — Seed
- Emurgo Ventures (https://capitalatlas.ai/funds/emurgo-ventures) — Seed
- Adaverse (https://capitalatlas.ai/funds/adaverse) — Seed
- Saturn Blockchain Ventures — Seed
- Thrive Africa — Seed