eSports
Swedish firm G:loot receives largest esports investment in Nordic region’s history

G:loot, one of the fastest growing esports companies in the world has been backed to the tune of $12.1 million, which is found to be the latest and one of the substantial esports investments in the Nordic region. PocketGamer.biz, reports that the investment was led by Swedbank Robur. G:loot, the Swedish firm will channel this funds towards staff recruitment, increased marketing, and platform development.
The CEO of G:loot Mr. Patrik Nybladh said “We are very pleased that G:loot has now obtained heavy investors and capital in the Nordic region’s largest investment in esports so far.”
Among the major round of fundings that this Stockholm-based company has received within the last year this is the second significant one after it raised $6 million from a series of investors comprising Inbox Capital, tennis pro Robin Söderling, and Sweden’s national football team captain Andreas Granqvist.
G:loot, which was precedingly known as Gumbler, developed an esports platform that facilitates gamers on mobile, tablet, and PC to compete and win real money over friends and strangers alike.
Along with organising offline tournaments through its partnerships with PGL and Dreamhack, G:loot also operates the Global Loot League for PlayerUnknown’s Battlegrounds.
“There was a tremendous interest from investors. In fact, we couldn’t offer everyone interested to participate,” added Nybladh.
“This is just a beginning of a very promising future. The financial backing gives us the opportunity to realise our vision: Anyone, anywhere in the world, shall have the possibility to win money in games they already play and love.”
-
Latest News7 days ago
CONCEPT DEBUTS WITH NEW GAMES AT CASINO GRAND LEÓN IN MEXICO
-
Affiliate Industry4 days ago
Affiliates are the key to unlocking operator success in Africa
-
Asia4 days ago
Birmingham City Forms Alliance with GOD55 as Their Official Asian Betting Partner
-
Asia4 days ago
Asian Poker Tour Announces Cancellation of APT Manila 2025
-
Latest News7 days ago
Dr Jane Rigbye to leave CEO role
-
eSports4 days ago
TEAM VITALITY WINS BLAST OPEN SPRING 2025 AND EXTENDS WIN STREAK TO 16 MATCHES
-
Compliance Updates4 days ago
EPIC Global Solutions highlighted as a key element in PrizePicks’ iCAP Accreditation
-
Industry News4 days ago
Raffle House response to Lotteries Council demand for parity with prize draws