EGoGames raised €5 million in a round led by Green Mont Fund, GTAK Capital and The Kerving Group

eGoGames, a Madrid, Spain-based startup operating a mobile e-sports platform allowing users to make money by betting on games outcome, completed a €5 million ($5.7M) financing round.

The money was raised from investors led by The Green Mont Fund, GTAK Capital and The Kerving Group and joined by high profile local people, including Rayo Vallecano footballer Mario Suárez, basketball player Fabien Causeur, Formula 1 driver Carlos Sainz and the president of Société Générale, Donato González.

eGoGames, founded in 2017 by Alejandro Sáez and Baldomero Sánchez, built an esports platform for mobile devices that offers any user the possibility of competing for free, for prizes or professionally for money, making mobile gamers athletes of esports. The platform is available for 10 games and uses a patented algorithm for matching gamers according to their ability and ensuring matched competitions.

Prior to this round, eGoGames raised $3.3M from Donato González, Francisco Riberas (president of Gestamp) and Jaime Martín Laborda (CEO of Millenial Gaming) in 2020 and $350k from private investors from Spain, including Pedro Serrahíma and Francisco Riberas, in 2018