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Wednesday, 25 November 2020

Sports startup Eksab raises USD 500k from VC outfit 4DX

STARTUP WATCH- Cairo-based sports startup Eksab has raised USD 500k from Africa-focused VC firm 4DX Ventures, a company statement (pdf) said yesterday. This is the company’s second injection of funding in the past 18 months after a seed round last June attracted a six-figure investment from 500 Startups. Eksab is a daily fantasy sports platform allowing users to make predictions about live football games, earning points based on how accurate their predictions are, and being rewarded with prizes.The platform plans to use the latest funding to launch its first paid competitions over the next year and increase its user base, the company said.

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