One of Portugal’s most rapidly expanding startups, RealFevr, revealed that it had secured a €10 million funding round.
Semapa Next, Shilling Capital Partners, APEX Capital, and the professional football player Sérgio Oliveira join global sports investor ADvantage in leading the round.
RealFevr’s international growth, the acquisition of new intellectual property rights, and the upcoming release of FEVR Battle Arena, the first Trading Moments Game in the world, will all be accelerated by the investment.
Since 2021, RealFevr has signed numerous top athletes as official ambassadors and investors, launched the first soccer video NFT marketplace in the world, and announced IP partnerships with numerous international sports properties, including Liga Portugal, the Portuguese Football Federation, Torino FC, and Beach Soccer Worldwide.
Despite the recent decline in the value of cryptocurrencies, RealFevr’s pack drops have remained a popular item, bolstered by its vibrant global community.
With over 145,000 packs sold across all NFT collection pack drops to date, which were only available with $FEVR, they became the only football-related Web3 company to completely drain the market of their product without having to adjust the levels of supply.
The first Web3 Trading Moments Game has been released, which is another step toward the goal of becoming the Web3 standard in the gaming and esports industries.
The game will use conventional TCG mechanics and have a unique, sustainable tokenomics model.
“Being at the forefront of innovation in such a competitive and highly technological market, we are determined to stay bold in one of the most transformative markets we’ve seen in our lifetime. Our team is proud and excited by the new products we’re building. And the most satisfying part is that now we have created the opportunity to scale up our structure explosively, and we will definitely live up to the responsibility.” Added Fred Antunes.
RealFevr additionally aims to address the speculative problem that the sports digital collectibles market as a whole is characterised by offering, for the first time, an actual in-game utility for sporting events.
According to Jeremy Pressman, a Partner at ADvantage Sports Tech Fund:
“As global sports investors, we’ve seen our fair share of startups building products at the intersection of sports and Web3. What immediately stood out about the RealFevr team was not only their deep domain expertise in the Web3 and blockchain spaces but also their focus on and understanding of what it takes to build community.
“We can’t think of a better time to be building something lasting in the space and are thrilled to be partnering with a team that will be pushing this industry forward.”
As of today, RealFevr stands strong in terms of overall brand engagement, despite bear market conditions. They have managed to retain a wide number of holders since IDO, and their digital metrics have proven to be consistent across their campaigns and marketing activities.