Moneta Ventures is leading a $1M funding round in TecSport Games Inc. of El Segundo, California, an innovative, fan-based, mobile gaming firm founded in 2011. This investment coincides with TecSport Games' recent launch of The Official NBA Quiz which was created in partnership with the NBA and is the first NBA endorsed mobile game of its kind. TecSport has secured some of the biggest global sports licenses with a total fan base of more than three billion fans. Funding will be used to further expand the game development team, secure additional exclusive entertainment licenses, and augment commercial operations into the white label and business-to-business arenas.
'We are excited to work with TecSport Games as they expand into international sports franchises and become the front-runner in Sports Trivia across mobile platforms. The TecSport team brings decades of experience and knowledge from the gaming and technology industries. Our investment is based on the exponential growth of sports fans seeking the unique gameplay experience that TecSport provides,' said Lokesh Sikaria, Managing Partner of Moneta Ventures.
TecSport has an innovative approach to commercially effective social gaming with a successful track record of pioneering the cloud-based format and pushing the boundaries of technology and gaming. The release of The Official NBA Quiz combines the speed and strategy of a real basketball game as players test their NBA knowledge against other players around the world, all in real time. With licensing of 30 NBA teams and over 6,000 points of trivia, players gain a multitude of gaming features from multi-player, weekly leaderboard competitions, and the ability to play in practice mode. This latest release and many other games from TecSport are available free to download from the Apple App Store/Google Play Store.
'We are using this investment from Moneta Ventures to grow our development team with a stated aim to dominate the mobile category for Sports Trivia. With Moneta Ventures' growing portfolio of tech companies and gaming developers, they bring a wealth of experience on how to scale the company and gain market share,' explained Martin Carr, CEO of TecSport Games.
About Moneta Ventures
Moneta Ventures enables entrepreneurs to grow their early stage companies by providing capital, guidance, and operational support. Moneta Ventures invests in early-mid stage companies in the software and cloud services (including gaming and mobile applications), IT services, internet and consumer services sectors. Moneta Ventures focuses on technology-differentiated companies with highly-scalable business models. For more information, visit http://www.monetaventures.com
About TecSport Games Inc.
TecSport Games was founded in 2011 to provide an innovative approach to fan-based mobile gaming. The company has developed a pioneering cloud-based platform that is pushing the boundaries of the mobile gaming experience. TecSport owners and management have a proven background in successfully delivering licensed interactive products; the team have worked with major partners around the world including FIFA, Now Music, Discovery, EMI Music, SONY/BMG, BBC, Who Wants To Be A Millionaire?, Freemantle, Eurosport, Sky Sports, American Idol, Blockbusters, Tomb Raider, Championship Manager and the Price is Right. For more information, please visit http://www.tecsport.com