eGoGames is a Spanish Start Up dedicated to the management of an eSports platform for mobile devices in Europe.
It has recently carried out a sale partial shareholding for €3m to optimise its algorithm using artificial intelligence.
The revolution of the streaming and video-hosting sites have been the perfect breeding ground for the development of a culture gamer which is gaining followers day by day.
The growth of the e-sports sector continues to accelerate at breakneck speed.
As a result, more and more companies are betting on it, as well as corporate finance movements in this market.
MEET EGOGAMES
eGogamesis a Madrid-based start-up founded by two young entrepreneurs, Alejandro Sáez and Baldomero Sánchez.
It has created the first European platform, which integrates various games of different themes, where players can compete and win money thanks to the eSports.
Pursue the "dream" of many gamers: becoming a professional in your own right smartphone.
ESPORTS PLATFORM
The platform, designed for mobile devices, ensures that competitors are equal in skill, providing a fair match-up.
eGoGames is a Spanish Start Up dedicated to the management of an eSports platform for mobile devices in Europe.
EGoGames has already patented its algorithm in more than 140 countries.
Today, it has already achieved a valuation of €30m, and has many convinced users.
It is now targeting companies in the sector.
INVESTOR SUPPORT TO GAIN A FOOTHOLD
In order to continue to grow and consolidate its position, EGoGames has carried out a partial shareholding sale at the end of January 2020.
It did so in a financing round of 3M€A series.
A sale which has been led by investors such as Donato González, Chairman of Grupo Société Générale in Spain and Portugal.
Francisco Riberas, President of Gestamp and Jaime Martín Laborda, founding partner and managing director of Millennial Gaming.
SECOND TIME
This is the second time it has done so, as the company has already closed down its first investment roundThe Commission's report will be published in September 2018.
On that occasion, the amount was much smaller, amounting to 300,000 euros.
OBJECTIVES
The company will take advantage of this operation to bring the eSports to all audiences, providing a new monetisation system and a new way of engagement to the major game developers in the market.
To achieve this, it will optimise its algorithm with the use of artificial intelligence.
In this way, it aims to create competitions that have the ability to adapt to the player and improve the user experience.
It also aims to focus its efforts on B2B business.
ANOTHER IMPORTANT ROUND IN THE SECTOR
SCOPELY
Scopely is a global interactive entertainment and mobile gaming company.
Founded in 2011, it creates immersive games that power a consumer-driven experience and has a proprietary technology platform.
In October 2019, its latest equity sale took place in a financing round valued at $200M.