Swedish online esports organizer G-Loot has secured a $25 million investment, which will be utilized to increase the frequency of competitions with cash prizes available.
“It feels great that G-Loot now has secured 25 million US dollars to finance our ongoing expansion and to support our ambition to become the world’s leading online esports company,” Patrik Nybladh, CEO and founder of G-Loot said, via an official press release.
“I am particularly glad that our current major owners increased their holdings when given the chance.”
