Singapore startup Championfy raises seed funding round to foray into Web3 gaming

• ByStartupStory     |    June 27, 2022

Championfy, a Singapore-headquartered gaming company, announced plans to foray into Web3 gaming after raising and completing undisclosed seed token sales to prominent Web3 investors.

Investors like Funfair ventures, XA network, Lucidblue ventures, Alphabit Fund, WhatToPlay, EnjinStarter, Thomas Gonzalez (CEO, Moralis Academy) and Chase Freo (CEO, OP Games) participated in the funding round.

Following this fundraising, Championfy will onboard a Web3-based offering to its content portfolio and will make the app global. Currently, the Championfy gaming app has a presence in selected countries in Southeast Asia like Singapore, Malaysia, the Philippines and Indonesia.

The company said that it will soon unveil a detailed roadmap to its community members. Funds will be used to expand the team and acquire more content & users.

“Whole gaming industry is on the cusp of global revolution now. Gaming in the next few years will be completely different from what it is now. With the adoption of Web3, we will be able to provide better opportunities to both game developers and gamers.” said Championfy co-founder Saurabh Sharma.

Championfy, which was started by Saurabh Sharma, an Ex-Grab executive and Zad Ngor, a seasoned marketing professional, had earlier raised an angel round from Malaysia-based investors.

Over the past few months, the competitive casual gaming space in Web3 is heating up with new startups like Ethlas, and Arc8 entering the space. Also, seasoned gaming companies like MPL, WInzo, and Rush gaming are adopting Web3 either through acquisition or directly setting up new teams.

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