GamerzClass Secures $1M Financing, Refreshes Board of Directors
Danish educational esports platform GamerzClass raised a $1M USD financing round led by Copenhagen-based venture capital fund Bumble Ventures. As part of the investment, the company also refreshed its board of directors and presented a new strategy.
Further investors in the financing round included London-based firm TrueSight Ventures, the danish growth fund Vækstfonden (which is also an investor in esports tournament organizer BLAST), former general partner at Index Ventures Ben Holmes, Christian Legêne, and former deputy director of TDC Group Kathrine Stampe Anderson, who also joins GamerzClass’ board of directors. The board of directors is rounded off with Swedish tech venture capital investor Hampus Monthan Nordenskjöld. Former member of the board Daniel Nyvang, a managing partner at Bumble Ventures, becomes the new chairman of the board.
GamerzClass, which was founded in 2018, previously secured a $150K investment for a 6% stake in the company from seed-stage accelerator 500 Startups and became part of the accelerator’s 26th batch of startups in February 2020.
Following the investment, GamerzClass announced that it is looking to change its platform’s business model to be more focused on subscription revenues. The platform currently has more than 30K users in over 140 countries.
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