Esports recruitment and team management network, DreamTeam announced it’s received $5m (£3.7m) in funding by Mangrove Capital Partners. This is the second investment from Mangrove, with the first round held in April of this year.
Alexander Kokhanovskyy, DreamTeam CEO and Co-Founder said: “Having secured another investment from Mangrove shows that our road to success is also recognized by the venture capital powerhouse. Mangrove is a leader in the investments field, so I am delighted that they continue to support our journey to create the most comprehensive platform for all esports enthusiasts.”
David Waroquier, Partner at Mangrove Capital and Member of the DreamTeam Advisory Board commented: “It was a logical decision by Mangrove Capital Partner to continue to support DreamTeam as the extra financing will ensure the continuation of the explosive growth of the project. I believe that this platform will create the biggest one-stop-shop platform for #1 sports of the future. It has all the potential to create the best infrastructure platform for gamers and esports enthusiasts. And the results they’ve shown so far complete correspond to their development path that we’ve envisioned. Having advised DreamTeam for quite some time now, I am impressed by the quality of the Team and their execution capabilities.”
While there were no specific details as to how the funding will be used, Kokhanovskyy also stated: “This investment will help us continue to expand our infrastructure platform even faster and offer millions of gamers a clear-cut way to esports stardom. We have already rolled out many updates and improvements to our platform, and our users will soon get advanced team-management tools as well as unique coaching and analytics modules. DreamTeam will continue to lead the way in the evolution of esports.”
The DreamTeam platform currently offers recruitment in Counter-Strike: Global Offensive, League of Legends and will soon feature Fortnite. It also recently became a primary sponsor for the CS:GO FACEIT London Major in August.
Esports Insider says: DreamTeam claims to be the largest recruiting platform in competitive gaming currently and with that, and the addition of Fortnite, it certainly has a lot of room to grow. Players are always looking for others to team up with and as aspiring professionals look to level up their skills, the growth of the platform will give players that ability in more games to come.