Amuka Esports has recently launched a $500,000 private placement deal on a digital private-market investment platform is a Canadian sports company looking to expand on its rapid success.
Amuka Esports has been listed on DealSquare, an online private placement platform released in the fall of 2019, through a joint partnership between the online crowd-financing platform Silver Maple Ventures and NEO, which provides casual and amateur gamers with local esports hubs.
Currently, Amuka has established a reputation as an industry-leading company with a strong community focus, operating two gaming venues – including Waves Gaming, Canada’s largest sporting venue and EZY Mode in Windsor. The company claims that it has developed in less than one year one of the largest networks of live gaming events and tournaments for all gaming levels.
The Business aims to aggressively expand across North America with a management team that combines investment banking and gaming expertise. The focus is on numerous orientations including content, media, tournaments, game location, merchandise and technology, which aims to make it Canada’s largest diverse company in esports.
Ben Feferman, Co-founder and CEO of Amuka Esports, said: “Our goal is to take Amuka Esports public within the next year, and our seed round of financing on DealSquare will help us get there. Not only is it an effective platform for raising the money we need, it also provides our business with additional traction and exposure to investors.”
Jos Schmitt, president and CEO of NEO said: “With a few strategic acquisitions and partnerships already under its belt, Amuka has demonstrated great progress towards its mission of becoming a leading diversified esports company in Canada,”
“We are delighted to have Amuka Esports listed on DealSquare,”says Peter-Paul Van Hoeken, founder of Silver Maple Ventures and managing director of DealSquare. “Esports is a rapidly growing industry, and with roughly $2 Billion of global investments expected in 2020 it represents a promising opportunity for the wider investor community.”
The schedule of Amuka comes some weeks after the dispatch of DealSquare 2.0, which offers users a completely digital and automated private-arrangement process. As a result of this recent development, the platform has improved its capabilities in terms of marketing and subscription, settlement and integration of positions in vendor back-office systems.
