FanUp, a Gen Z Sports and Pop Culture Gaming Platform, Closes Financing with Tru Skye Ventures and 9.58 Ventures to Fuel Global Growth - Daily Independent
Summary
Seven-figure raise with industry giants pushes valuation toward $100M, driving international expansion across largest fan segmentsNEW YORK, NY, March 5, 2025 (EZ Newswire) -- FanUp, the premier platform for Gen Z, women, and casual sports enthusiasts to engage in sports and pop culture giveaways, sweepstakes, and fantasy contests, announced today an exclusive strategic financing round with Tru Skye Ventures and 9.58 Ventures leading figures in the sports, gaming, athlete, and technology sectors.Tru Skye Ventures, a dynamic $100 million sports tech fund co-founded by NBA Champion Metta World Peace and former Boost Mobile CEO Stephen Stokols, joins forces with 9.58 Ventures, an elite collective of investors and thought leaders driving groundbreaking technological innovation across society.The strategic financing round is elevated by the support of high-profile athletes and industry icons such as 9.58 Ventures co-founders and managing partners Fred Toney and Omar Sillah, investor and American tennis pro Frances Tiafoe, and general partners, NFL safety Jalen Mills, NFL linebacker Deion Jones, and longtime basketball pro and current NBA assistant coach David Vanterpoolall united in their mission to reshape the global future of sports and pop culture gaming for Gen Z consumers. "Collectively, well leverage strong network effects to unlock groundbreaking collaborations with the hottest brands, leagues, teams, and entertainers, to offer our ever-growing audience exclusive, once-in-a-lifetime experiences and prizeswhile redefining the limits of our dynamic industry. This latest round of financing brings together a dream team of advisors, and Metta and I are eager to add as much value as possible.At the focal point of culture, growth, and experiences, FanUp epitomizes the type of investment we seek at 9.58 Ventures, said Toney. You couple their explosive growth with a top-talent team, and youve uncovered a winning formula with escape velocity.Founded in 2021, FanUp continues to drive exceptional outcomes through an authentic approach to fan engagement and unparalleled user experience. For more information, visit truskyeventures.com.Founded by Fred Toney, Omar Sillah, Deion Jones (NFL), and David Vanterpool (NBA), the 9.58 Ventures team has collectively backed hundreds of companies and professionally excelled in business and sports.