E-GO APP closing capital injection of $500.000
Stockholm, Sweden - E-GO APP, a leading provider of fantasy esports, has successfully performed a capital injection of $300.000 despite difficult financial and geopolitical times. The injected capital is a combination of a pre-seed round ($200.000) and a growth loan ($100.000) from a large Swedish bank. The company have also landed an option of additional $200.000 in growth loans during the second half of 2023. The funds will be used to further develop E-GO APP's B2B product and the social features of the platform, to make it more accessible to endemic and non-endemic businesses, and to set a new standard for how esport fans experience the action together with friends.
"Reaching our goal of raising $200.000 in this pre-seed round, despite it being such challenging times, is a testament to the strength of our product, our team, and our ability to adapt when faced with testing times. I could not be prouder, nor could I be more thankful to our amazing cap-table who continue to believe in us", said Viktor Maisey, CEO of E-GO APP. "We are committed to continuing our mission of delivering a best-in-class fantasy esport experience to our users, and this funding will enable us to do so even more effectively".
E-GO APP's B2B product is designed to enable easy access to brand engagement with esport fans globally, for endemic and non-endemic businesses. The company has seen strong interest in its product, which is expected to continue to grow as the esport industry expands.
"We strongly believe in the future of esports, and we are excited to be a part of it", Maisey continues. "This funding will allow us to keep innovating and grow, and we look forward to continue to deliver exceptional results for our customers and unparalleled experiences to our users”.
Most of the invested capital comes from existing cap-table, with some of the main investors being Viktor Maisey (CEO), and Åsa Holmström (chairwoman), both of whom are part of the founding team. A few of the accompanying investors are, the publicly traded micro-VC company Northern CapSek Ventures AB (publ), and the tech entrepreneur Christian Frithiof with lots of valuable experience from previous ventures in the gaming sector.
About E-GO APP
E-GO APP is the leading provider of fantasy esports. Founded in 2019, the company is dedicated to delivering a best-in-class fantasy esports experience to users globally. For more information, please visit www.egoapp.gg or to join in on the action play.egoapp.gg.
For media & investor inquiries, please contact:
Viktor Maisey, CEO
+46 70 92 02 132
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