MegaFans Raises $1M to Upgrade eSports Platform

A mobile eSports platform is adding new games and scaling globally to feed the evolving, global mobile gaming market.    

FREMONT, CA: A San Diego-area-based mobile eSports platform and gaming company, MegaFans, has secured $1 million in pre-seed funding; $500K in private placement and a $500K line of credit through a private lender. The funds will be used for expanding and scaling in pre-seed funding. MegaFans will also continue developing its eSports platform, and add new games and tournaments to feed the fast-growing, global mobile gaming market. The company's veteran team has been working on the mobile gaming industry's problems like monetization, retention, and the lifetime benefit of mobile gamers, since MegaFans' inception.

eSports solves the industry's gaming problems by providing a more competitive, social gaming experience, and prizes and cash pools that creates an attraction to players. Nevertheless, eSports has its issue in the more casual, mobile gaming ecosystem. Getting players to spur over to a pay-to-play model produces about two to ten percent of active paying users, leaving approximately 90 percent un-monetized in this channel. The company's fans solved for that using a unique model, combining existing best practices from other areas of the eGaming industry. MegaFans's platform offers free to play and pay to play games with the potential to target by demographic, geographic, and psycho-graphic behavior, and cater to them.

MegaFans is a mobile eSports gaming platform, creating a fully integrated, turnkey software solution for mobile games, facilitating them to offer competitive eSports tournaments to their audiences, which boosts retention and monetization through a more productive, more inclusive experience for 2.5 billion gamers globally. MegaFans is breaking down boundaries for independent game developers and game studios, enabling them to test their games and reach global audiences with fun and friendly mobile competitions for casual gamers who choose to play just for fun and points, or level up and go for big prizes in one of the company's experiential weekend tournaments which are held globally.