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Vinge advises G-Loot in its half a billion SEK financing round

October 07, 2020 Capital Markets and Public M&A

Vinge has advised the esports company G-Loot Global Esports AB (publ) in connection with its financing round of SEK 500 million - one of the largest esports fundraises globally.

The investment round was completed through a private placement of shares to new investors and certain larger current owners. G-Loot will now focus on expanding its service across gaming platforms, growing the player base and creating a strong, global brand.

G-Loot is the world’s first online esports platform for mobile and PC games where players can compete against each other and win real cash prices. G-Loot democratizes competitive esports by its mission to make it possible for anyone, anywhere in the world, to earn money by playing their favourite games online.

Vinge’s team primarily consisted of Jonas Johansson, Filip Öhrner, Christina Odengran, David Andersson, Rikard Lindahl and Joel Magnusson.

 

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