The tournament discovery platform EsportsXo recently announced it secured $1.1 million in a seed funding round. According to the company, 40% of this money will be invested in technology and non-technology employees. The remaining 60% will be used to expand the organization’s marketing and operations.
We Founder Circle led this funding round. Additional investments came from Wami Capital, SOSV, Mumbai Angels Network, SucSEED Indovation Fund, The Gaming Lounge, and FAAD Network Pvt Ltd.
“Esports in India is at the same stage where e-commerce was 15 years ago, there are a lot of opportunities for everyone. The market in India and the rest of the APAC (Asia-Pacific) region is very huge which gives us enough room for creativity and growth,” said EsportsXo founder Vikas Goel.
EsportsXo is a SaaS (software-as-a-service) video game tournament discovery platform that aims to build a global community of console, PC, and mobile gamers. The organization was founded in 2020 by Goel, Utsav Umang, and Rohit Raj.
(All information was provided by VCCircle)
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