Estonian VC Yolo Investments led a 300K round of Israeli gaming company Fanton

Estonian venture company Yolo Investments led a $300K round of Israeli gaming company Fanton. Dubai-based VC firm First Stage Labs, Istanbul-based investment company Existential Capital, and French business angel Emmanuel Costa also led this round. Fanton raised a new round of investments at the company valuation of $5M.

Fanton has developed a TON Blockchain Fantasy Football game that operates on messenger Telegram, where users can create and manage virtual football teams by selecting NFT cards of players. The game imitates tournaments of the top 5 European leagues and the Champions League. The players get points based on their chosen players’ performances in real-life matches, including scored goals, assists, and “clean sheets”. The primary objective of the game is to achieve the highest score and win prizes, such as TON cryptocurrency and NFT cards of football players. The users can make tactical adjustments to their team until the registration period ends.

The startup will use the investment to accelerate growth in the TON ecosystem, which includes TON Blockchain and a platform TON Services. TON Services helps create intuitive interfaces for decentralized applications and smart contracts.

Fanton was founded in 2022 in Tel Aviv by Eldar Khayretdinov and Vadim Sterlin. 

Yolo Investments is a venture capital focused on seed- and A-stage investment across gaming and fintech. The company was launched in Estonia by Tim Heath in 2017. Tim Heath specializes in the iGaming industry. He is also a founder and a Board Member of the Yolo Group, which operates gaming brands such as bitcasino.io and sportsbet.io.