MegaFans (Mobile eSports Gaming Fanatics), a San Diego-area-based mobile eSports platform and gaming company, raised $1m (USD) in pre-seed funding.
This include $500K in private placement and a $500K line of credit through a private lender.
The funds are being used to expand and scale MegaFans’ footprint and user base, continue developing their eSports platform, add new games and tournaments to feed the fast-growing, global mobile gaming market.
Led by Jeffrey Donnelley, founder and CEO, MegaFans is a mobile eSports gaming platform company that created an integrated software solution for mobile games, enabling them to offer competitive eSports tournaments to their audiences, which increases retention and monetization through a more inclusive experience for 2.5 billion gamers globally. MegaFans currently owns 15 game titles, offering tournaments and events available to the 2.5 billion daily active users playing mobile games around the world.