KYIV, Ukraine, September 24, 2018 /PRNewswire/ --
DreamTeam, the world's first infrastructure platform and payment
gateway for esports and gaming, started by one of the leading
esports entrepreneurs, Alexander Kokhanovskyy, announced today a
successful close of their Seed Funding Round of $5M by Mangrove Capital Partners. After the first
contribution in April 2018, this is
the second investment by Mangrove in DreamTeam.
(Logo:
https://mma.prnewswire.com/media/748129/DreamTeam_Logo.jpg
)
Current platform offerings for players and teams are
Counter-Strike:Global Offensive, League of Legends, and soon to be
supported Fortnite. In less than 6 months, DreamTeam has already
become the most liquid recruitment marketplace on the planet,
bigger than all other esports recruitment platforms combined.
Commenting on the investment, Alexander Kokhanovskyy,
DreamTeam CEO and Co-Founder said: "I am glad to announce that
DreamTeam has successfully closed a $5M Seed Round in pursuit to bring mass adoption
to esports and making it the #1 sports of the future. Having
secured another investment from Mangrove shows that our road to
success is also recognized by the venture capital powerhouse.
Mangrove is a leader in the investments field, so I am delighted
that they continue to support our journey to create the most
comprehensive platform for all esports enthusiasts. This investment
will help us continue to expand our infrastructure platform even
faster and offer millions of gamers a clear-cut way to esports
stardom. We have already rolled out many updates and improvements
to our platform, and our users will soon get advanced
team-management tools as well as unique coaching and analytics
modules. DreamTeam will continue to lead the way in the evolution
of esports."
David Waroquier, Partner at
Mangrove Capital, is also a Member of the DreamTeam Advisory
Board. He noted that "it was a logical decision by Mangrove Capital
Partner to continue to support DreamTeam as the extra financing
will ensure the continuation of the explosive growth of the
project. I believe that DreamTeam will create the biggest
one-stop-shop platform for #1 sports of the future. It has all the
potential to create the best infrastructure platform for gamers and
esports enthusiasts. And the results they've shown so far complete
correspond to their development path that we've envisioned. In just
six months, DreamTeam built the most liquid recruitment marketplace
on the planet, bigger than all other esports recruitment platforms
combined, quickly approaching one million registered users. Having
advised DreamTeam for quite some time now, I am impressed by the
quality of the Team and their execution capabilities. I am excited
to continue working with Alexander and the DreamTeam Crew to build
the most scalable esports solution available globally."
About DreamTeam:
DreamTeam is the infrastructure platform and payment gateway for
esports and gaming. DreamTeam is the ultimate teambuilding and
skill-growing platform that solves problems for hundreds of
millions of gamers who want to find teammates, improve skills,
manage teams, and earn money. And with the unlocking of blockchain
and smart contract technologies, DreamTeam is building a
one-of-a-kind payment gateway for players, teams, tournaments, and
sponsors.
For more information on DreamTeam, please visit
http://token.dreamteam.gg
About Mangrove:
Mangrove Capital Partners has invested in over 100 companies and
today manages near $1Bn in venture
funding. With a startup focused strategy, the Firm invests
heavily in early-stage businesses all over the world. Among
the most successful investments are Wix (NASDAQ: WIX) currently
valued at $6 billion, and Skype,
which was bought in 2005 by eBay for $3.1
billion, as well as RedPoints, WalkMe, Freedompop, Letgo,
StoreKing and K Health.
For more information about Mangrove, please visit
http://www.mangrove.vc/
SOURCE DreamTeam