# Swoops

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

- Industry: Software
- Headquarters: US
- Website: www.playswoops.com
- Total disclosed funding: $3.5M
- Latest round: Seed (Apr 12, 2022)
- Investors on record: 6

## About

Based in Oregon, US, and founded in 2021, Swoops, is a basketball gaming app in the daily fantasy sports (DFS) genre that allows users to collect NFTs (non-Fungible Tokens) and form teams to compete against one another. In April 2022, Swoops raised USD 3.5 million in seed funding co-led by new investors Alpaca VC and Courtside Ventures, with participation from other new investors Future\Perfect Ventures, Slow Ventures, Pareto Holdings, and Red Beard Ventures. As of April 2022, Manish Sinha is the CEO of Swoops.

Swoops is a blockchain and NFT-powered strategy basketball game that enables users to purchase players, develop them and form teams using Swoops NFTs. Players need access to digital wallets such as Metamask and purchase Swoops NFTs using cryptocurrency such as Ethereum to buy players that mimic real-life athletes. Gamers can form teams of these athletes and compete against other teams to win real money.

The funds raised in April 2022 will be used to expand the company's community and team, as well as to accelerate the game's development.

## Funding rounds

- Seed, Apr 12, 2022, $3.5M — Slow, Future\Perfect Ventures, Alpaca, Courtside Ventures, Pareto Holdings, Red Beard Ventures

## Investors

- Slow (https://capitalatlas.ai/funds/slow) — Seed
- Future\Perfect Ventures (https://capitalatlas.ai/funds/future-perfect-ventures) — Seed
- Alpaca (https://capitalatlas.ai/funds/alpaca) — Seed
- Courtside Ventures (https://capitalatlas.ai/funds/courtside-ventures) — Seed
- Pareto Holdings (https://capitalatlas.ai/funds/pareto-holdings) — Seed
- Red Beard Ventures (https://capitalatlas.ai/funds/red-beard-ventures) — Seed