EsportsXO, a Bangalore, India-based SaaS-based tournament discovery platform for gaming enthusiasts, raised $1.1 million in its Seed round.
The round was led by We Founder Circle, SOSV, Mumbai Angels Network, SucSEED Indovation Fund, The Gaming Lounge, and FAAD Network.
The funds will be utilized to scale up the technology, non-tech talent acquisitions, marketing, and operations.
Company: Techno Xo Pvt Ltd
Raised: $1.1M
Round: Seed Round
Funding Month: December 2021
Lead Investors: We Founder Circle, SOSV, Mumbai Angels Network, SucSEED Indovation Fund, The Gaming Lounge, and FAAD Network
Additional Investors:
Company Website: https://esportsxo.gg/
Software Category: SaaS-based tournament discovery platform
About the Company: Founded in 2020 by Vikas Goel, Utsav Umang, and Rohit Raj, EsportsXO is an esports tournament management company that offers software to manage tournaments online, the platform offers an opportunity to game publishers and brands to launch custom tournaments to engage users. EsportsXO will build an e-sports metaverse of fans, players, offer other microservices in e-learning, merchandising NFTs, content, and social networking. The platform has already registered over 150,000 users in a span of 90 days and is witnessing a 20 percent month-on-month growth.
Source: https://www.entrepreneur.com/article/410154