Europe

Match platform Epulze secures £4.7m funding

Swedish esports event platform Epulze has secured an funding of SEK 57m (∼£4,74m) from its newest funding spherical.

Based on the discharge, contributors within the funding spherical included Swedish monetary group Svea Ekonomi and Norwegian Carucel Finance.

Credit score: Epulze

RELATED: Epulze declares long-term partnership with VPgame

The funding is predicted to assist the corporate enter right into a ‘new section’, with the esports event platform trying so as to add new sport titles and capabilities, while additionally increasing its ecosystem. At present, the platform solely helps Dota.

Mattias Lövgren, CEO and Co-Founder at Epulze, commented on securing the funding: “Our consumer base grew quickly in 2020 and right now we provide a world-class digital platform the place we are able to prepare tournaments with the largest names in esports. With new cash within the coffers, we can speed up progress, and enhance consciousness of our providing.”

Earlier investor Knutsson Holdings additionally took half within the newest funding spherical, with the agency rising its possession within the firm. All through the funding spherical, Vator Securities acted as Epulze’s monetary advisor.

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The funding comes after Epulze unveiled a partnership with esports service platform VPgame to broaden its choices within the Asian market.

Lövgren continued: “Epulze’s aim is to entertain the world by means of esports and to permit everybody to share in that particular match sport feeling the place you compete for each honour and cash.”

Esports Insider says: The funding secured is a big milestone for Epulze because it units its sights on important enlargement within the coming months. With loads of competitors on this explicit space of the business, Epulze is well-positioned to grow to be a wholesome competitor within the on-line event platform ecosystem.

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