Le Lézard
Classified in: Science and technology, Business
Subject: FNC

GoodGamer Closes $2.5 Million Seed Round and Reaches 250,000 Registered Users in the First Month

BANGALORE, India, Oct. 19, 2020 /CNW/ - GoodGamer Corp. ("GoodGamer" or "the Company"), a Daily Fantasy Sports and Esports Gaming platform, closed a seed funding round for gross proceeds of C$2.5 million. GoodGamer plans to use the gross proceeds from the financing almost exclusively for user acquisition.

Within one month, GoodGamer Fantasy Gaming App has reached 250,000 registered users.

The GoodGamer Fantasy Gaming platform is also the world's first fantasy cricket app to offer proposition contests or prop contests.

Prop contests are based on specific events during the game that is independent of the final outcome. Prop contests are now one of the fastest-growing segments of the US sports gaming industry. Unlike traditional daily fantasy sports (DFS) contests, where many matches result in a tie because there are only a limited set of permutations and combinations available to users due to the manner in which the contests are graded. GoodGamer prop contests introduce several additional layers that affect the number of points awarded to each individual player in such a user's team, hence affecting the outcome of the DFS contest. Prop contests result in users having to expand their skill and knowledge horizons beyond the analysis of traditional data points to build a team-based not only on how they expect their roster to perform in traditional scoring but also on the props that are selected for each player (such as wickets, centuries, etc.) therefore emphasizing the role of each player within the real-life match and the DFS roster. With the reduction in ties, the individual prize pools will not be divided up into as many players, maximizing a player's winnings.

Other never-before-seen features being added to the GoodGamer Fantasy App in the coming months include:

"The uptake of our platform by the market has been overwhelming to say the least. We couldn't be happier with our first month," said GoodGamer CEO Charles Creighton. "One of my fondest memories will always be sending that first batch of payouts to our daily fantasy winners. To go from that to over 250,000 registered users in less than a month is just exhilarating. Growing pains and late nights have brought our team together and helped create a more cohesive, organized whole. With the help of our seed investors, we're now able to focus on user acquisition and scale."

"The results from our first month of operations have proven to us what we always knew India is a great market for us," said the VP of Operations for India, Ravi Nagarajachar. "We are grateful to be in business here. While we will continue to push for growth, we also want to make sure our users have the best experience we can give them. We're introducing a number of new experiences and skills-based gaming styles that Indian users haven't seen before, including prop contests. Not only does the first experience have to be great, but so does the third, fifth, and tenth as our users branch out and try new things within the app. We want to help users find new styles of skills-based games and contests that keep them challenged and entertained."

GoodGamer Fantasy is now running Guaranteed 1 Lakh daily prize pools with only a ?1 entry fee. Users can download and register for an account on GoodGamer here.

About Good Gamer Corp. and Good Gamer India Private Limited
Good Gamer Corp. is a fantasy gaming and technology company located in Vancouver, British Columbia, and is the parent company to Good Gamer India Private Limited located in Bangalore, India.  The GoodGamer Fantasy Gaming App serves the Indian market and became India's First Dual Daily Fantasy Sports and Esports gaming platform with the launch of Cricket and CS:GO.  The GoodGamer Fantasy app is a skilled based platform that allows users to enter daily fantasy contests to win real prize money.

SOURCE Good Gamer Corp

These press releases may also interest you

27 nov 2020
ZoomerMedia Limited (the "Company"), the leader in serving the interests of the 45+ "Zoomer" market in Canada, today announced its financial results for the year ended August 31, 2020. Consolidated Results For the twelve months ended August 31,...

27 nov 2020
Canadian Spirit Resources Inc. ("CSRI" or the "Corporation") announces the release of its interim financial results and Management Discussion and Analysis ("MD&A"), for the nine month period ended September 30, 2020. In addition, CSRI announces...

27 nov 2020
TSX VENTURE COMPANIES CINAPORT ACQUISITION CORP. III ("CAC.P") BULLETIN TYPE:  Suspend-Failure to Complete a Qualifying Transaction within 24 months of ListingBULLETIN DATE:  November 27, 2020,TSX Venture Tier 2 Company Further to Exchange bulletins...

27 nov 2020
iLOOKABOUT Corp. ("ILA" or "the Company") today announced that its unaudited condensed interim consolidated financial statements for the three and nine months ended September 30, 2020 and 2019, and the related Management's Discussion and Analysis...

27 nov 2020
Appreciated Media Holdings Inc. ("Appreciated Media" or the "Corporation") is pleased to announce that the board of directors of the Corporation (the "Board") has negotiated a forbearance agreement with Amcomri GP BVI Limited ("Amcomri") until...

27 nov 2020
Lakeview Hotel Investment Corp. (the "Corporation" or "Lakeview") announced today that it will not be able to meet the filing date of November 30, 2020, as provided in National Instrument 51-102 ? Continuous Disclosure Requirements, for filing of...

News published on 19 october 2020 at 23:30 and distributed by: