Australian e-sports media firm Esports Mogul has raised $3.28 million (A$4.41 million) through an oversubscribed share placement round led by global major Razer Inc.
The placement also saw a significant investment from Singapore-based technology firm Cloud Alliance. It recently raised $15 million from an ICO and it said it plans to work more closely with Esports Mogul and Razer going forward.
According to Cloud Alliance’ Co-Founder & Chairman, Roland Ong, the company will bring payment systems to gamers across the globe as it co-invests in Esports Mogul together with Razer at “such a crucial time of their acquisition and monetisation strategy.”