Eksab, a Daily Fantasy Sports(DFS) platform has raised $ 500,000 from 4DX ventures, an early-stage VC fund based in New York.
Founded in 2017 by Aly Mahmoud, the platform has been a success, with around 10,000 active daily users and 30,000 monthly, competing and playing trivia games.
Daily Fantasy Sports and monetized competitions are a multi-billion dollar a year industry in the US. Our goal is to become the premier sports entertainment company in the MEA region by offering exciting Fantasy Sports competitions as well as highly engaging local sports content.” Aly Mahmoud, said.
“We’re bringing the FanDuel and DraftKings model to the world’s largest football market. Our ultimate goal is to provide an unmatched daily source of entertainment, engagement, and content for the region’s football fans.” He added.
Eksab plans to use the investment to scale its product and launch its first paid competitions over the next year.
Peter Orth, Partner at 4DX Ventures, said, “We see the region as one of the most exciting and underserved markets for a sports entertainment platform. We’ve been really impressed with Aly’s vision for a next-generation and technology-driven platform that is also highly tailored to local fans and their preferences. We’re excited to be on this journey with Aly and the rest of the Eksab team.”