GOALS Secures $15M Seed Funding

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GOALS, a new multiplayer play-to-earn soccer game in development, secured $15m (£11.42m) in seed funding.

The round was led by a venture capital fund North areaprevious investors Cherry Ventures, Moonfire Ventures and Banana Capital are also participating in the funding.

Image credit: OBJECTIVES

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Also, professional footballer Gerard pricksco-founder and COO of Axie Infinity Alexander Larsen, as well as Co-founder of Sorare Nicholas Julia contributed as angel investors.

GOALS, founded by the co-founder of SK Gaming Andreas Thorstensson, is a multiplayer football game that will use a game model to win via NFT rewards. As Thorstensson revealed in a statement for Thamesthe game is positioned as an alternative to Electronic Arts’ FIFA series of games.

“You have a huge incumbent in a monopoly position. They do not innovate in terms of gameplay. They are focused on revenue,” he said. “This is where a startup has the chance to beat them. But we want to do things a little differently.

GOALS aims to distinguish itself from FIFA in several ways, including not allowing the use of real football players and using an arcade approach to the genre to appeal to a wider audience, according to Thorstensson.

The startup says it also plans to give players the option to cash out their earned NFT rewards for real money or redeem them on the GOAL marketplace, as well as supported third-party marketplaces.

According to a Twitter feed per Thorstensson, the game will be “esports-ready,” meaning it won’t use catch-up mechanics, rubber band effects, or similar features. Additionally, GOALS plans to emphasize the MMR system with tournaments and leaderboards.

The company’s recently released game design document stated on the matter, “We don’t want to rush decisions on the look of the esports format, as we want to consider community feedback. Our ambition is to use a division system where all teams can be promoted or relegated based on their performance. Closed league systems will never be an alternative.

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The company reportedly has a rough internal version of the game ready this summer, with a full product to be completed in two to three years.

In November 2021, The GOALS management team has been strengthened by Göran Syberg Falguerasenior software engineer from DICE who officially joined the company as co-founder and CTO.

Esports Insider says: With a goal of overtaking FIFA and other football simulation games, GOALS certainly has a lot of work ahead of it. Although $15 million is a considerable investment, the game’s success will likely hinge on how popular NFTs are among the gaming community three years from now. Even so, the development of a competitor could help strengthen the football simulation ecosystem.

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