Swedish esports competition platform G-Loot announced Wednesday that it secured a kr500M SEK ($56M USD) financing round that increases the company’s pre-money value to roughly $143M. Investors that participated in the investment include Club Network Investment (CNI), Inbox Capital, and Swedbank Robur, which previously led a kr230M ($26M) financing in March 2019.
G-Loot, which was founded in 2015 and is also the organizer of the GLL Esports tournament brand, revealed that it will use a part of the investment proceeds to “expand its service across gaming platforms and create a strong, global brand.“
The company is currently preparing for a public listing in 2021.
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