G:Loot secures $56 million from Robur, CNI and Inbox Capital.
G:Loot, a Stockholm, Sweden-based esport operator, completed a capital raise totalling SEK 500M ($56M).
The money was raised from new and existing investors including Robur, CNI and Inbox Capital, in a deal that values the company at SEK 1.3bn ($143 million), pre-money. The announcement was made as the company prepares its public listing for 2021.
G:Loot, founded in 2014 as Gumbler and led by CEO Patrik Nybladh, developed a platform that lets gamers compete and win real money against friends and random opponents. The company operates PUBG platform Global Loot League and the card game platform TopDeck.