Announced
Financials
Sources
Tags
Private Equity
Pending
Private
fan engagement platform
Friendly
Israel
Acquisition
Online and Social Platforms
Single Bidder
Synopsis
HYPE Capital, an early-stage venture capital fund, invested in Tokabot, an intelligent fan engagement and monetization platform for sports and entertainment. The Fund is actively looking to leverage their unique access to hundreds of sports startups worldwide to make early stage investments. BILD, Axel Springer's subsidiary is a fellow investor in Tokabot, is Germany’s leading digital media brand with a strong sports footprint. Financial terms were not disclosed. Ilan Leizgold, Tokabot co-founder, says: "We have enjoyed working with HYPE and appreciate the invaluable guidance they provide as we look to scale and find new markets. Their latest investment in Tokabot will be used to expand our technological capacity and discover new audiences."
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