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This publication last covered Metafy in May 2021, when the company raised a $5.5 million extension to its preceding $3.15 million seed round. Since that funding event, Metafy acquired rival games coaching platform GamersRdy, and the company said coaches using its service grossed over $1 million last year. When TechCrunch covered Metafy’s second seed round, the company had scaled from $76,000 in monthly platform spend in April 2021 to $190,000 in September of last year, up 52% from the preceding month. We’ll be curious to see how quickly the startup can scale its platform GMV this year and whether it can keep up the double-digit month-on-month rates of expansion that it has historically garnered. Fabian, rare in his candor among the startup CEO cohort, said that a quick term sheet from Tiger led to his company letting other investors he had spoken to know that Metafy had a deal that it was going to take. Metafy is a wager that the gaming market will continue to grow, retain its cultural cachet, and that titles popular in the niche will maintain high skill requirements — fodder for coaching demand.
