Question 1

I am interested; I have couple of questions- 1. Who are your competitors. I see the business started more than 4 years. What is the biggest challenged not to generate any revenue yet? 2. Did you get any traction from English premier league? why not? 3. What is the revenue gene...

Accepted Answer

Hello Mohammad, we appreciate your interest and your questions. 1. There are various indirect competitors. We have the major social media platforms where football is a side topic, while on Fanera, football is the focal point. There are also various apps that are targeting fan engagement (Forza, 365, Goal.com and Football Fan), however their focus is on fans consuming content (highlights, news and live scores), while we are focusing on converting our fans from content consumers to content crea...

Question 2

Hi. Do you have a signed agreement with FIFA to be the official app for WC 2022?

Accepted Answer

Hello Vikram, and thank you for your question. Fanera (formerly SnapGoal) won the Challenge 22 Competition (a competition for disruptive sports tech startups on the Road to the World Cup in Qatar) under the tutelage of the Supreme Committee for Delivery and Legacy in Qatar (the host of the World Cup). Aside from getting a grant for $115,000 to assist us in building the app, we also have a signed service agreement when we piloted Fanera during the biggest tournament in Qatar in 2019. Although ...

Question 3

How are you protecting your IPs?

Accepted Answer

Thank you for your question, and we appreciate your investment already.   Although IPs are challenging and expensive for early startups, in particular, the space of social media platforms, However, we took serious procedures from the beginning to ensure protecting the assets of the company.  1)     Human resources: Fanera believes in the power of talents, therefore, we reserved 10% of the company shares toward incentivizing team members and strengthen their ...

Question 4

Have you raised any funding before this Wefunder round, and can you share that previous fundraising information?

Accepted Answer

Hi Eric, We appreciate your question. 1) Fanera raised the first round from the host of the world cup 2022, which was free of shares - $115K. which was for developing the solution and pilot it in one of the biggest football events in Qatar. https://www.qatar2022.qa/en/opportunities/challenge-22/success-stories/fanera 2) Oman Technology fund invested $150K as seed round (Convertible notes) in 2020 https://d3.otf.om/fanera Feel free to book a call with the founders to brief you further and answ...

Question 5

This looks like a great time to build a fan engagement platform for football given the world cup is just around the corner. Q1) You mention long-term plans to add other sports after the world cup. Why do you believe it's a good strategy to broaden the fan base rather than crea...

Accepted Answer

Hi Esmaeel, Thank you for your interest and questions. Kindly see our response to your queries below Q1) Fanera’s ultimate vision is to create a social network for all fans, regardless of their differences. There’s no denying that accomplishing a major goal requires focusing on one segment and understanding all aspects of this category, followed by replication of that experience in other sports. We started with Football, because it’s the most popular, seen and invested sport, moreover, we won...

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