logo
logo

Metafy Lands $25M To Scale Its Gaming Coaching Platform

Metafy Lands $25M To Scale Its Gaming Coaching Platform

02/01/22, 2:00 PM
Money raised
$25 million
Industry
software
Metafy, a startup that operates a marketplace for video game coaching, announced this morning that it has closed a $25 million Series A. Tiger Global and Seven Seven Six led the funding round.

Company Info

Company
Metafy
Additional Info
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.