E-Sports roar ahead with support from investors
Investment of millions strengthens RFRSH Entertainment’s position in the market.
The e-Sports market is growing rapidly, attracting both fans and finances. Recently, the e-Sports company RFRSH Entertainment was able to strengthen its financial foundation with a capital expansion of € 7.2 million from different investors.
Among the investors is the Swedish venture capital fund, Creandum, and DELACOUR law firm has acted as adviser to Creandum during the process of the investment in RFRSH Entertainment. Other investors include, among others, Sunstone Capital, Lifetime Ventures and private investors.
Nikolaj Nyholm, founder and CEO of RFRSH Entertainment, says to Esportsmagasinet.dk:
“I am of course very pleased with the strong support from our investors. With backing from investors such as Creandum and some of the people behind Supercell and capacities such as Tommy Ahlers and David Helgason, we are making a huge leap in our endeavor to establish RFRSH Entertainment as the center of both the well-established e-Sports arena and a mainstream audience which is continuing to grow.”
Since the launch of the company in 2016, RFRSH Entertainment has claimed an important position in the international eSports-market. This success has been achieved through e.g. commercial leadership and sporting management of three of the world’s strongest teams, among others the Danish team Astralis, who won the prestigious Eleague in January – the closest you get to a Counter Strike world championship.
The injection of capital is a boost to RFRSH Entertainment’s position in the expanding e-Sports market, which has an estimated 350 million fans across different sports.