We Founder Circle led a $1.1 million seed round for gaming startup EsportsXO, which was followed by Wami Capital, SOSV, Mumbai Angels Network, SucSEED Indovation Fund, Eximius Ventures, and FAAD Network. Before raising the first investor round, the founding team of Vikas Goel, Utsav Umang, and Rohit Raj invested $200K.
EsportsXO intends to invest the funds in tech and non-tech talent acquisition, as well as increase marketing and operational activities.
EsportsXO, which launched in 2020, is a tournament discovery platform for gamers and gaming enthusiasts with the goal of creating a global community of console, PC, and mobile gamers who can come together under a single roof.
The Bengaluru-based company has registered over 150K users in 90 days, has organised over 250 tournaments in 8 games with over 2 million people participating in the last year, and is growing 20% month on month.
