Tradar, Europe’s pioneering Neo-Sports Broker, has successfully concluded a funding round, securing an impressive €4 million. This latest investment represents a significant increase from the initial round of €1.3 million, effectively tripling the amount.
With this substantial influx of capital, Tradar has now raised over €5 million in total funding since its inception. The round was led by a group of esteemed business angels and investors from the football and sports industry, highlighting the growing interest and confidence in this innovative platform.
This follows the rise of investing in athletes and platforms like Mojo that encourage alternative investments.
Developed by MFC Labs, the cutting-edge Tradar app offers fans a unique opportunity to invest in digital assets through tokenization. Powered by blockchain technology and in collaboration with a German-regulated securities institute, the app provides a secure and transparent trading platform, enabling real-time trading of player tokens. Each token represents a licensed professional footballer from partner clubs.
Felix Schmidt, CEO of MFC Labs, expressed great satisfaction with the resounding success of this funding round, emphasizing the immense growth potential of Tradar and the investors’ unwavering confidence in the platform. Schmidt stated, “The positive response from investors validates our vision of creating a platform that seamlessly combines fans’ passion for sports with exciting investment opportunities.”
While currently in a testing phase, the Tradar app has already integrated four prominent German Bundesliga clubs into its platform, namely Bayer 04 Leverkusen, TSG Hoffenheim, FC Schalke 04, and VFL Wolfsburg.
Users can acquire player tokens from these clubs, and additional professional clubs from Germany will be added to the platform at the start of the 2023/2024 Bundesliga season. Tradar also has plans to expand its offerings to include international clubs and ventures beyond football, opening up new investment avenues for passionate sports enthusiasts.
With its consistent positive development and substantial funding, Tradar is primed to revolutionize the sports investment market and empower fans to actively engage in the game through their investments in their passion. The platform’s unique blend of sports and investment opportunities positions Tradar as a frontrunner in shaping the future of sports investment.
