by Kandle, a Singapore-based crypto fantasy gaming platform, has raised $1.7 million in seed funding. The round was led by Saama Capital, with participation from PointOne Capital, Cloud Capital, Good Capital, Founder’s Room, Seeders Fund, and CoinDCX CEO Sumit Gupta.
Kandle uses blockchain technology to create a more transparent and secure gaming experience. Players can own their assets and trade them on the open market. Kandle also offers a variety of features that make it more engaging than traditional fantasy gaming platforms, such as live betting and social features.
The company plans to use the funding to expand its team, develop new features, and grow its user base. Kandle is targeting a global audience of crypto enthusiasts and gamers.
Here are some additional details about the story:
- Kandle was founded in 2022 by a team of experienced blockchain developers and gamers.
- The company’s mission is to “democratize fantasy gaming and make it more accessible to everyone.”
- Kandle is currently in beta and is available in select countries.
- The company plans to launch a full version of the platform in the coming months.
Here are some quotes from Kandle executives:
- “We are excited to announce the closing of our seed round,” said Arjun Kalra, co-founder and CEO of Kandle. “This funding will allow us to accelerate our growth and bring Kandle to a wider audience.”
- “We believe that Kandle has the potential to revolutionize the fantasy gaming industry,” said Saama Capital Partner Ashutosh Sharma. “We are excited to partner with the team and support their vision.”
Overall, Kandle’s seed funding is a significant development for the crypto fantasy gaming industry. The company is well-positioned to capitalize on the growing popularity of blockchain gaming and the increasing demand for more transparent and secure gaming experiences.”
