Faze Technologies raises $17.5 million in seed round led by Tiger Global
- ByStartupStory | November 5, 2021
Digital collectibles based startup- Faze Technologies raised $17.5 million in its seed round of funding led by Tiger Global with participation from Sequoia Capital India and Coatue. The funding round also witnessed keen interest from Dapper Labs, Samsung Next, Courtside Ventures as well as Vivek Ranadive’s Bow Capital.
The startup also revealed its partnership with ICC to create exclusive digital collectibles (using NFTs) for cricket to launch on the Flow blockchain.
The CEO of Faze Technologies, Anshum Bhambri stated, “Our mission is to build the metaverse for cricket. We are in a unique position to combine NFTs, gaming, utilities, and money-can’t-buy experiences to create a platform for fans to collect, use, play, and interact with cricket through NFTs on Flow. Every NFT purchase can be made directly within seconds via a mobile wallet, or a credit/debit card without the need for a crypto wallet, to ensure that every transaction is as easy as possible.”
Founded by Anshum Bhambri (Stanford graduate and Wall Street veteran), Sundar Raman (founding COO of IPL and ex-CEO of Reliance Sports) and Kushagra Kohli (serial entrepreneur and graduate of Duke University), Faze Technologies aims to establish a new paradigm that creates a direct connection between creator and the consumer built on three tenets.
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