Omada Secures €7.1 Million in Seed Funding for Its Social Prediction Mobile Game

Omada, a gaming business with headquarters in Bordeaux, has successfully received €7.1 million in a Seed investment round. With this financing, Omada, which bills itself as a “social prediction mobile game for sports fans,” intends to hasten its globalization. With 300,000 monthly players in France and an amazing 1 million gamers globally in just two years, the firm has achieved major achievements in the gaming sector.

Investors Rally Behind Omada

Felix Capital served as the lead investor in the Seed investment round, which also featured significant participants including 20VC, Play Ventures, F4, Motier Ventures, and other angel investors. Xavier Niel, Akin Babayigit, Pierre Antoine Capton, Pat Cummins, the captain of the Australian cricket team, and the family office of football star Youri Djorkaeff are just a few of the well-known angel investors.

Partner at Felix Capital Julien Codorniou noted Omada’s distinct position within the gaming and sports entertainment industries, pointing out its significant attraction to Gen Z viewers. In addition, Codorniou highlighted Omada’s outstanding customer retention and community participation in several nations.

Omada’s Distinctive Approach

Omada is neither a gambling or betting game and is run by serial entrepreneur Adrien Miniatti. Instead, it provides a forum that promotes sensible forecasts about sports teams without dipping into the world of gambling. With initiatives like “Ferme Ton Compte” (Operation cancel your betting account) and “Lav’Omada” (Turning a Laundrette in the Heart of Paris Into the Ultimate World Cup Experience), Omada has taken a proactive stand against gambling addiction.

Users may forecast the results of several sporting events, including football, the NFL, NBA, NHL, tennis, Japanese baseball, and F1 races, on the site. Players interact with the game through a daily distribution of “coins” and a ranking system rather than by spending fiat money.

Expanding into the US Market

Omada is prepared to further penetrate the US market, where it has previously found success, with the €7.1 million investment. The return of the NFL season and the start of the NHL preseason will coincide with the company’s expansion, offering a compelling platform for sports fans.

Omada’s dedication to providing a distinctive and responsible gaming experience that appeals to a wide audience, especially the tech-savvy Gen Z generation, is demonstrated by the company’s ongoing evolution and reach-out.