FANtium, a Zug, Switzerland-based provider of an NFT-based athlete investment platform, raised €2M in Angel funding.
The round was led by Sebastien Borget, with participation from Brian O’Hagan, Anand Agarawala and Lucas von Cranach, as well as Dominic Thiem.
The company intends to use the funds to launch the athlete drop in Q4 of this year, leveraging athletes’ communities to bring early sports fans to the platform.
Led by CEO Jonathan Ludwig, FANtium provides a platform that enables sports fans to invest in athletes and participate in their real-world financial success. Fans can invest in their seasonal earnings, as well as in career earnings of up-and-coming younger talents. Invested fans are entitled to a share of the athlete’s real-world earnings in the form of prize money and sponsorship deals. The platform uses NFTs as the underlying technology enabling fans to invest in athletes and receive a share of the earnings the athlete is making.
The company plans to launch the first athlete drop in Q4 of this year, leveraging athletes’ communities to bring early sports fans to the platform.