Loading Posts...

Edge Esports Raises $1.5M for Its Smart Contracts and Payments Solution

British esports contracts and payment solution developer Edge Esports announced that it has raised a $1.5M USD financing round led by Blake Picquet — who manages his family office, which invested in several tech and sports startups — Green Egg Ventures, Game Tech Ventures, and Robert Reeg — a former president of Mastercard Global Technologies for 22 years. All investors will support the startup financially and strategically.

Edge revealed in a release that it plans to use the investment proceeds “to invest in the wider team infrastructure from marketing to business development and onboard a host of new technical talent to help build, scale and improve the platform and release new features.” Additionally, Edge plans to add to its array of social platform and game implementations to provide further statistical analysis systems.

Edge was founded in 2018 by former sports lawyer Adam Whyte, Gfinity founding director David Yarnton, and 17-year old engineer Scott Hiett to “tackle some of the most pressing challenges felt across the sector helping publishers and tournament organizers to influencer marketing agencies and influencers themselves by eliminating ambiguity around contracts and obligations, making processes easier, streamlined, and more transparent.“


Source link

Avatar

Esports Observer

The Esports Observer is the world’s leading source for essential esports business news and insights. As the esports business authority of the western world, TEO enables companies to make informed decisions for their business. We offer a comprehensive industry database covering entities from personalities to companies and games, real-time business intelligence, and insight reports. Through TEO’s business conferences and events, we connect industries and individuals alike. Our ultimate goal is to increase transparency and foster growth in the industry we love: esports.

Leave a Comment