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Matcherino Boosted By $1.5 Million Investment

Matcherino is a US-based technology company and crowdfunding for Esport organizers, streamers and tournaments. Thanks to Matcherino’s software, many Esport tournaments have been run without any complications. This company recently received $1.5 million from Galaxy Digital’s Galaxy EOS VC Fund and Wells Fargo Strategic Capital.

The CEO of Matcherino, John Maffei commented that he is extremely pleased with this investment and that his company’s products are designed to bring together industry stakeholders and to promote their products.

He also added:

“Our product offerings provide the tools to connect players, brands, tournament organizers, and even fans, in a way that is advantageous for all parties, both monetarily and in providing a more enjoyable experience for all involved”.

Launched in 2015, Matcherino has been providing technical support for Esport events for years now and have also paid out more than $2.4 million as tournament prize money.

As Esports industry has been steadily growing for years, Matcherino aims to improve the prize pool management system to distribute rewards promptly.

Sean Sang Sub Lee, the vice president early-stage investing at Wells Fargo Strategic Capital commented on his company’s investment in Matcherino:

“Navigating the esports operating landscape has been an inefficient process for brands, players, tournament organizers, and fans alike, leaving billions of unrealized dollars on the table,”

Lee said.

“We see an opportunity with Matcherino not only to remedy these inefficiencies but to open these long-untouched revenue streams for years to come.”

Source: https://europeangaming.eu/portal/latest-news/2019/08/07/52160/matcherino-gains-additional-1-5m-in-funding/

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Aleksandar Krstic

Aleksandar Krstic

A bachelor of journalism, he spent most of the time of his ongoing career as a custom content creator. Experienced in reporting and information gathering, after finishing his contract in a local news agency, Aleksandar began writing for clients outside his native country. Fluent in English, he wrote various types of content, his work ranging from affiliate articles to news reports and creative stories. Aleksandar spent most of his time writing extensively on a myriad of topics, including history, science, technology, esports, culture (both traditional and modern) and arts.

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