附近上门

, an online coaching platform for video gamers, locked up a $25 million Series A at a $105 million post money valuation led by and .

The round also includes investments from a slew of angel investors, including , former CEO of Worldwide; co-founder and former CEO of , ; and and , co-founders of . Metafy, founded in 2020, had previously raised $8.65 million.

Founder and CEO said the company had initially sought a valuation of $100 million but received investor interest that pushed that number north. Fabian and his building of Metafy has been featured for the last year as part of 附近上门 News鈥� 鈥淪omething Ventured鈥� project.

The company鈥�which connects gaming coaches and those who want to learn鈥攚ill use the new cash to double its 26-person staff this year and for product development. The company also will set aside $1 million to start a “community fund” for events, projects and tournaments.

The platform will allow the gaming community Metafy has helped build and create their own events, which Metafy will sponsor, while also further creating a market where players are seeking to improve their skill, Fabian said.

鈥淭his is something we wanted to do for a while,鈥� he said.

Focus on vision

贵补产颈补苍鈥�whose love of video games and building online communities led him to found Metafy鈥攕aid with the round now done he can focus on building the company he envisions instead of gearing up for a fund raise.

鈥淚 don鈥檛 think it鈥檚 a good use of my time to be obsessing about what our numbers are every day,鈥� he said. 鈥淣ow I can focus on the product and the coaches.鈥�

He also appreciated the hands-off approach of lead investor Tiger.

鈥淚鈥檝e been pretty honest about how I feel about venture capital, and generally, it鈥檚 not good,鈥� Fabian said with a laugh. Tiger 鈥済ives me access to capital and they stay the (expletive) out of my way.鈥�

While Fabian has said that he does not particularly like fundraising or venture capital, he noted he thinks the round is important due to the expertise and skills some of the investors like Seven Seven Six and some of the angel investors bring to the table. Fabian specifically pointed to Wilke, whom he believes can help him further grow into his CEO role.

鈥淚 was really particular as to who we brought into the round based on what they bring,鈥� said Fabian, who added he would not be surprised if the company raised again in the next 12 months.

Clarification: Metafy raised the round at a $105 million valuation. An earlier version of this story gave an incorrect valuation.

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