May 31, 2020

GameOn- $10.5 Million

San Francisco, CA ; 3/4/20

Amount Funded: $15.5 Million

Type: Growth Capital/Convertible Notes

Lead Investor: Quest Ventures

Participating Investor(s): Paxion, Mirae Venture Partners, Innovation Global Capital, Asahi Media Lab Ventures, Claytonia Capital, Mo Bamba, Andre Iguodala, Ed Zander

Total Funding to Date: $18.5 Million

Company Description: GameOn was founded in 2014 with a shared passion for building innovative messaging products that serve the world of broadcast media. Using its proprietary bot platform, ChatOS, GameOn has designed, developed, and launched business solutions for many of the world’s largest sport, lifestyle, and media companies becoming an industry leader in user retention, engagement, and monetization in the applications space. Some of the world’s most notable brands like the NBA, NHL, PGA, Arsenal F.C., Sky Sports and TIME Inc. partner with GameOn to provide customized, rich customer experiences on the world’s major chat application platforms.

What funding will be used for:

Fuel development of its proprietary ChatOS™ platform, expansion into new content verticals, increase sales efforts.

Quotes:

“Chat applications let fans connect with their favorite content when, where, how, and with whom they want to, while enabling brands with huge fan bases to provide content-rich experiences customized for each fan. As businesses continue to transform into mobile-first digital organizations, chat-based applications have a huge opportunity to enhance the brand-to-fan experience by being more natural and less robotic. This additional round of funding allows us to enhance our platform’s capabilities, expand into new verticals, and help more brands connect with their fans in meaningful ways.”

-Alex Beckman, founder and CEO, GameOn

“I’ve been an investor and board member for GameOn for multiple years now and it’s safe to say it’s grown up along with the chat-based application market. The company has proven again and again that it’s fluent in the behaviors and needs of today’s fans, while proficient in delivering a viable chat tool that lets major global brands communicate in new, engaging ways with their evolving fan bases. Chat solutions are quickly becoming a key digital arm of brands’ mobile strategy and GameOn is well-positioned to continue leading them on this journey.”

-Andrew Ogawa, Quest Venture Partners

Notes:

  1. Previous investors included XG Ventures, Next News Ventures, Joe Montana, Snoop Dogg, Gary Payton, Lawyer Milloy and Mark Attanasio.

Data provided by respective company (unless otherwise noted) and researched by StartupsOne for accuracy.

 

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