A bold investment

FanZ App Raises 5.6 Million Riyals in Pre-Seed Funding Round

The FanZ App, an interactive platform dedicated to football enthusiasts, has announced the closure of a funding round worth 5.6 million Saudi riyals (1.5 million US dollars). The round saw participation from a group of Saudi national team stars such as Salem Aldwsari and Firas Albrikan, in addition to international investment firms like 500Global and Le Augure, along with several angel investors.

A Unique Interactive Experience for Football Fans

Launched in 2022, the FanZ app offers a unique interactive experience for football fans through:

  • Prediction contests and fantasy leagues: The app allows users to test their skills in predicting match outcomes and assembling their virtual teams.
  • Investing in player cards: Users have the opportunity to buy and sell player cards, adding an element of excitement and thrill to football fandom.
  • Match schedules and results: The app provides users with comprehensive information about all local and international football leagues, including match schedules, results, events, and statistics.

A Significant Milestone in FanZ’s Journey

Khaled Alkhudair, co-founder of FanZ, told Goal website that the app has managed to acquire two million users in just 15 months. He added that this investment round represents a significant milestone in FanZ’s journey, confirming investors’ confidence in the platform’s potential and business model.

Future Outlook

FanZ plans to use this funding to expand its user base, develop new features, and enhance user engagement with the platform. It also aims to expand into new markets, aiming to become the leading platform in the world of digital sports.

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