MOBA raised SEK 30.6 million and postpones the public listing of the company
Moba Network, a Stockholm, Sweden-based company that owns and operates several of the world's largest esport communities, announced the issuance of a directed share issue of SEK 30.6 million ($3.2M). At the same time, the company announced that it will postpone the public listing of its shares, with a timetable set within 6-12 months, by the end of 2019.
Moba Network, founded as Linkdev Tech AB and led by CEO Björn Mannerqvist, operates a total of 8 global esport communities on its own platform. The company aims for the future to invest, own and develop companies in the growing segment of e-sports and gaming.
Moba Network's major shareholder is New Equity Venture Int. AB, with 30%. Other investors include B21 Trottholmen (Henrik Kvick), Rugosa Invest (Jonas Bertilsson), Cloverhill (Michael Gottschlich), Manfred Gottslich, Scott Reinders, Matthew Horner.