Gaming startup STAN raises $2.7 Mn in pre-Series A round
Summary
Bengaluru-based gaming startup STAN has raised $2.7 million in its pre-Series A round from new investors such as Aptos Labs, Pix Capital, Maelstrom Fund, GFR Fund and returning investors in General Catalyst. The round also was supported by CoinDCX Ventures, Climber Capital, TDV Partners, and Coinswitch Ventures.The startup had raised $2.5 million in May 2022 as part of its sd funding led by General Catalyst, with participation from Bttr Capital, Eximius Vnturs, among othrs.The proceeds will be used to tap into the creator supply and help it grow its fanbase and monetize the platform. Stan has been working to help build the engaged gaming creator base in the country around common interests.Founded by Parth Chadha, STAN provids a platform for crators to build, montiz communitis, and ngag usrs with their favorite gaming creators and celebrities through digital collectibles, chat or audio rooms, and xclusiv clbrity communities, in addition to usrs ngaging with ach othr.STAN claims to have ovr 4 million usrs within a span of 1.5 yars. With an organic growth, 75% of th usrs hail from broadr Bharat, including tir II and tir III citis. Th platform ss 50 million annualized micro-transactions with an imprssiv 70% rtntion for paying usrs.