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Gaming startup GOALS scores $15M seed round to build the number one AAA football game

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Online football game GOALS, has announced a $15M seed round. Northzone, a global VC firm which has backed Spotify, Klarna, Trustpilot, and Homa Games, led the round with participation from previous investors Cherry Ventures, Moonfire Ventures, Banana Capital and new investors Not Boring Capital and Cassius. The round features notable angels such as FC Barcelona star Gerard Pique, Sorare co-founder and CEO Nicolas Julia, Axie co-founder and COO Aleksander Larsen, metaverse expert Matthew Ball, and web3 authority Magdalena Kala. The funds will allow GOALS to double their headcount recruiting another 30 game developers by the end of 2022.

GOALS is a fast-paced and multiplayer-first football game primarily for PC and consoles that offers a unique and attractive way for gamers to own in-game digital assets as they play. With a focus on quicker and more responsive gameplay, GOALS is different from existing football games by creating a fun, competitive and rewarding experience. Being free-to-play and cross-platform, GOALS provides a completely frictionless opportunity for gamers and football fans to enjoy the beautiful game like never before.

Through the utilization of environmentally friendly blockchain technology, GOALS allows true digital ownership of in-game assets. These in-game assets are earned for free through gameplay and can be used in the game or traded freely at any point.

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“We’re thrilled to announce a seed round by an amazing group of VCs and fantastic angel investors”, said GOALS co-founder and CEO Andreas Thorstensson. “We have been in the very fortunate position where investors reached out to us before we were actually fundraising so we were able to pick the ones we felt had the best fit for GOALS. The current investors have the perfect combination of expertise in gaming, sports, web3 and company growth. With GOALS I am building my dream company. It combines my deep interest in sports, gaming, esports and new technology. After playing most football games on the market and observing the esports scene for a long time I could see that gamers deserved something new. GOALS is a gameplay-first football game. Free to play, cross-play, multiplayer-focused, and esports-ready where the players can finally own their in-game items instead of renting them.”

Football and gaming are respectively two enormous markets. With 3.5 billion football fans and 2.9 billion gamers, the estimated market for virtual goods in this space is valued at close to $190bn. Major players have bet big on realism and licensing to sustain their market positions. This leaves a huge space for companies like GOALS who can deliver an esports ready product that offers the accessibility and non-stop action of other online giants like Rocket League. GOALS’ play-and-own business model is ideally placed to service the new market for NFTs which is itself estimated to reach $80Bn by 2025. Gamers will own their players and teams to take part in professional online leagues.

“Andreas has gathered around him a stellar team. They’ve identified a unique opportunity at the intersection of metaverse and football, the world’s largest sport. Web3 and the technology behind innovations like NFTs will power the next generation of businesses in this space and GOALS is poised to become a leader in their own category”, adds Pär-Jörgen Pärson, a partner at Northzone and sitting on the GOALS board.

“GOALS represents a rare investment opportunity. The game they’re building is original and fun, and their growth and business model is truly impressive. Andreas is as impressive a founder as I’ve ever met, has a solid vision and a clear execution plan. From a personal perspective too, this intersection of football, gaming, esports and NFTs covers so much of what I find fascinating. I’m really excited to see where we go from here” says Mattias Ljungman, founder of Moonfire Ventures.

“GOALS is not just a game, but a team on a mission,” says Sophia Bendz, partner at Cherry Ventures, which also led GOALS’ pre-seed round. “In just a few short weeks, GOALS grew its following to well over 25,000 people on social media and thousands upon thousands in Discord. GOALS is creating something people have long wanted. We’re excited to be with them on their journey in creating a new football game people love.”

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Founded in late 2021, GOALS has already built a team with an impressive set of skills and track record of successes in entrepreneurship, engineering, game development, gaming, esport and web3. This funding will allow them to grow further in the game development area. As a gaming start-up, GOALS has taken the lead in offering a diverse and inclusive workplace to better attract developers from competing firms.

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10-15% Of Gamers In Florida Show Signs Of Gaming Addiction: Here Are 10 Signs Your Kid Is Suffering From It (And How You Can Help)

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Recent studies indicate that 10-15% of young gamers in Florida exhibit signs of gaming addiction. These findings underscore the need for early identification of symptoms to prevent negative impacts on children’s mental and physical health. Gaming addiction, if not dealt with, can lead to poor academic performance, social withdrawal, and even health problems.

Marin Cristian-Ovidiu, CEO of FreezeNova, discusses key indicators of gaming addiction and offers practical advice for parents.

Recognizing Early Signs

“Early recognition of gaming addiction is crucial in preventing long-term negative outcomes,” Marin explains. The following signs can help parents identify if their child might be developing an addiction:

Exhaustion and Irritability

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Constant tiredness and grumpiness during the day could indicate late-night gaming sessions interfering with sleep.

Gaming Obsession 

If gaming dominates your child’s thoughts and conversations, and they plan their day around it while neglecting other responsibilities, it could be a sign of addiction.

Decline in Academic Performance and Lost Interests

A noticeable decline in academic performance or loss of interest in previously enjoyed activities may suggest your child is prioritizing gaming over more important tasks.

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Emotional Volatility

Extreme emotional reactions to in-game outcomes, such as uncontrolled anger, known as ‘Gamer Rage’, or intense celebrations, could indicate an unhealthy attachment to gaming.

Physical Strain

Signs of repetitive strain injuries like ‘Gamer’s Thumb’ or ‘Nintendo Neck’ from prolonged screen time are warning signals.

Neglecting Basic Needs 

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If your child is neglecting basic needs like eating, sleeping, or hygiene to keep playing, gaming has likely taken an unhealthy control over their life.

Creating a Supportive Environment

While video games can be a great source of entertainment and connection, around 70% of people with signs of gaming addiction also experience social disorders. Marin recommends a few tips for building a supportive and open environment for your child.

Teamwork and Setting Boundaries

“Parents and children should work together to create a healthy gaming environment. Gaming addiction requires a holistic approach,” Marin advises. Start by setting clear boundaries on gaming time to ensure there’s room for schoolwork, chores, and quality family time.

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Revisit activities your child once loved, like football practice or exploring new hobbies together. It’s vital for your child to take breaks from screens, so create a balanced daily routine that includes homework, chores, exercise and just some gaming time. This allows your child to enjoy their games without neglecting other aspects of their life.

Open Communication

Maintain open communication. Discuss the games your child enjoys and any concerns you might have. By understanding their world, you can work together to find solutions.

Remember, you’re not alone. If you feel overwhelmed, seek professional help from specialists in gaming addiction. Marin concludes, “By working as a team, setting clear boundaries, and fostering open communication, we can help your child develop a healthy relationship with gaming and thrive in all areas of life.”

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Compliance Updates

SYNOT Games Officially Certifies Over 140 Games in Brazil

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SYNOT Games has announced that more than 140 of its games have now been officially certified in Brazil.

“We are delighted to announce that more than 140 of our games have now been officially certified in Brazil. This significant achievement allows us to expand our reach and introduce a diverse selection of games to this dynamic market. Brazil represents a key opportunity for growth, and we are committed to delivering exceptional gaming experiences to the Brazilian audience,” the Company said.

“We are thrilled to introduce our portfolio in Brazil, offering innovative and engaging gameplay that promises to captivate and entertain players,” Martina Krajci, CCO at SYNOT Games, said.

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SPGA Introduces Code of Conduct to Highlight Member Commitment to Compliance and Safety in Social and Promotional Gaming

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The Social and Promotional Gaming Association (SPGA), an organization dedicated to providing stakeholder education and advocating for the responsible operation of social games offering promotional sweepstakes prizes, today announced the implementation of a Code of Conduct for its operator members.

The Code of Conduct is designed to spotlight the processes and technologies already in place at both SPGA member sites and the majority of social casinos offering promotional sweepstakes, also referred to as social sweeps games.

Social sweeps games combine the established social casino model, on which Americans have spent over $40 billion in the last decade, and add promotional prizes. No purchase is necessary to win prizes, and the vast majority of users play for free.
The foundational pillars of the Code of Conduct include the application of regulation-grade suppliers, technology, or policies to ensure: 
  • Age verification to limit real money play to users 18 and older

  • Proper identity verification (Know Your Customer or KYC) 

  • Location verification of customers 

  • AML policies to ensure proper transaction monitoring

“The pillars of the SPGA Code of Conduct highlight the technology and processes already in place at most social sweeps operators to ensure that the millions of adults who enjoy these games do so in a safe and reliable environment,” said Camilla Wright of Red Knot Communications, a spokesperson for the SPGA. 
“The standards of the Code of Conduct go above and beyond the accepted best practices for traditional social casinos.”
In the months ahead, the SPGA will release more details on the Code of Conduct, introduce additional pillars, and engage an external firm to certify member compliance with the Code.  
“We look forward to continuing to develop the Code of Conduct to further strengthen the commitment of SPGA members to compliance and player protection while providing consumers with a highly social and engaging experience that is always free to play,” said Wright.      
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