In its seed round, the Bengaluru-based esports fan engagement startup STAN raised $2.5 million in equity funding.
The round was led by the venture capital firm General Catalyst, along with other VCs, including Better Capital and Eximius Ventures.
It saw participation from multiple superangels such as Aadil Mamujee from Opensea and Nakul Gupta from Coinbase.
The startup said in a statement on Wednesday that the amount raised in this round will be used by STAN to provide unparalleled, best-in-class experiences to today's gamers and esports fans around the world, as well as to partner with a plethora of top gaming organisations and players across India and other countries in parallel.
STAN has built a one-stop platform for the growing pool of esports fans in India and the world to engage, play and grow closer to their idols in the gaming and esports space, using digital collectibles and or mutable NFTs.