- GamerzClass has completed a seed round, receiving a total of $2.5 million
- Founders ran the round
- GamerzClass will now use the money to increase the company’s output and to hire new employees
GamerzClass has ended a seed round that yielded $2.5 million and will use this money to expand and hire new people.
GamerzClass’ Successful Funding
Online esports training platform GamerzClass has just finished its seed round directed by Founders early-stage venture fund investing. The former of the two companies have received $2.5 million from the seed round, bringing the total funding to $4.2 million when other investors are also taken into account.
GamerzClass announced that the funding would be used to produce more content and increase GamerzClass’s team by five people (to a total of 20). The esports training platform plans to do all that in the next few months.
GamerzClass CEO Victor Folmann shared that he hopes his training platform will grow to be the to-go choice for numerous esports organizations and gamers. To this end, Folmann envisions working together with partnering teams and tailoring training programs to each partner’s individual needs. GamerClass also aims to provide a “superior monetization model.”
“We are constantly adapting to fit the creator’s needs,” the CEO explained. Sebastian L. Johansson from Founders shared his side’s perspective as well:
“Esports has quickly evolved into one of the world’s largest cultural phenomenons, and we are excited to back GamerzClass in bringing pros and casual players together as well as changing the way content is consumed and created. Having a number of strong gaming profiles in our Founders Collective, including Morten Wulff, Timo Soininen, and David Helgason, we are looking forward to supporting this strong team on their journey.”
GamerzClass: A Promising Training Platform
The training platform will now focus on continuing its masterclass production. It will make tutorials and guides in both written and video format.
GamerzClass’ services are subscription-based, where people pay monthly to access numerous tutorials in some of the most popular competitive video games. The company’s features are currently used by 250,000 video game lovers in 180 countries. Its revenue reportedly increased by 1,100 percent after switching to a remote set-up in 2020.
The company boasts some notable investors like former GP Index Ventures member Ben Holmes, GameAnalytics’ founder Morten Wolf as well as TrueSight Ventures and Bumble Ventures.
Moreover, GamerzClass has some big esports names as partners. These include the famous Team Liquid, Fnatic, Team Alliance, and FC Schalke 04.
Various funding methods have helped numerous esports companies. In March, Rivalry secured $20 million in funding and is now considering exploring public listing.