Kandle.xyz, a Singapore-based crypto fantasy GameFi project, raised USD 1.7m in seed funding.
The round was led by Saama, with participation from PointOne Capital, Cloud Capital, Good Capital, Founder’s Room, Seeders Fund, and Mr. Sumit Gupta (CEO- CoinDCX), amongst other individual investors in the gaming and financial services industry.
The company intends to use the funds to develop the platform further and expand its user base.
Led by Jaideep Yadav, Kandle has developed ‘Crypto Fantasy Leagues’ – a game that allows players to choose crypto coins as their battle tokens and face off against other players in a battle of the portfolios. The company plans to release its project roadmap on token issuance, token utility, and a Play-and-Win model. Over the past months, the platform completed beta testing, attracting 80,000+ players during its soft launch. Kandle has established its presence in Indonesia, Vietnam, Nigeria, and India and plans to expand its footprint across Asia and North America.
FinSMEs
25/07/2023