Cavea announced raising €1 million from new and existing investors.

Cavea, a Copenhagen, Denmark-based developer of analytics solutions for esports and gaming brands, announced that it completed a €1 million ($1.2M) capital funding round.

The money was raised from investors including the Danish state-owned backer Vækstfonden.

Cavea, founded in 2017 by CEO Mircea-Gabriel Eftemie, developed a digital platform for teams, tournaments, brands, agencies, content creators, streamers, and gamers allowing them to manage, collect, track and value marketing content data on all available channels. The company works with several esports organizations including Fnatic, Astralis, Ninjas In Pyjamas, Team Envy, and PSG Talon.

Cavea previously raised an angel round back in 2019.