Matcherino is a technology company that builds software that enables game publishers and tournament organisers to run successful Esports tournaments. The company has received an additional amount of $1.5 million fund from Galaxy Digital’s Galaxy EOS VC Fund and Wells Fargo Strategic Capital.
The CEO of Matcherino, John Maffei, said “Our product offerings provide the tools to connect players, brands, tournament organisers, and even fans, in a way that is advantageous for all parties, both monetarily and in providing a more enjoyable experience for all involved.
Maffei added how thrilled he is to have the new investors, and that Matcherino’s products are “designed to connect industry stakeholders who have been long ignored or underserved.”
Matcherino was launched back in 2015, and has since provided software and financial solutions at esports events. Since its launch, the company’s services have paid out over $2.4 million when it comes to tournament prize money.
With the growing investment in esports, the company aims to continue using its financial infrastructure and prize pool management system to distribute rewards in a timely manner.
Sean Sang Sub Lee, the vice president of early stage investing at Wells Fargo Strategic Capital, emphasised the importance of the investment in Matcherino.
“Navigating the esports operating landscape has been an inefficient process for brands, players, tournament organizers, and fans alike, leaving billions of unrealised dollars on the table.” Lee said. “We see an opportunity with Matcherino not only to remedy these inefficiencies, but to open these long-untouched revenue streams for years to come.”
By Niji Narayan
Niji Narayan has been in the writing industry for well over a decade or so. He prides himself as one of the few survivors left in the world who have actually mastered the impossible art of copy editing. Niji graduated in Physics and obtained his Master’s degree in Communication and Journalism. He has always interested in sports writing and travel writing. He has written for numerous websites and his in-depth analytical articles top sports magazines like Cricket Today and Sports Today. He reports gaming industry headlines from all around the globe.