Gamercraft secures $5m in latest funding round

Screenshot of Gamercraft logo on a black background in front of a smartphone
Image credit: Gamercraft

Gamercraft, an AI-driven gaming tournament platform, has raised $5m (~£3.86m) in its latest funding round.

The company plans to use the capital to expand its capabilities by introducing new games and genres onto the platform in 2024.

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Founded in 2020, Gamercraft hosts gaming tournaments for players on League of Legends, VALORANT and Dota 2. Players compete for monetary rewards and are supported by services that aim to improve player performance.

The company will look to expand its ‘skill-based gaming economy’ through new solutions utilising AI. Solutions include a learning model that analyses player performance and anti-cheat measures to ensure fair play is maintained.

The funding round was led by the founders of computer hardware brand Ailenware and also included participation from the likes of investment firm Stellaria Capital and venture capital company Mistral Ventures.

In addition to anti-cheat, Gamercraft can utilise the data gathered to create a range of player coaching and development tools for users of all skill levels.

Alongside expanding its existing offerings, Gamercraft will explore further into other areas of competitive and blockchain gaming.

Throughout 2023, both sectors have combined on a regular basis. In March, European esports organisation Team BDS partnered with Swiss Web3 esports organisation XBorg to create a range of blockchain experiences.

According to a release, Gamercraft’s mission is to integrate skill gaming ‘into the heart of future gaming economies’. As a result, the company’s focus is to form new markets around player-versus-player (PvP) games. This includes offering challenges, competitions and anti-cheat detection to bolster gaming experiences.

Jose Javier Garcia-Rovira, CEO of Gamercraft, spoke on the future plans of the company: “We envision a future where gamers will no longer have to settle exclusively for passive gaming experiences, instead embracing experiences where their time and skills invested result in tangible returns for them.”

Jonno Nicholson
Jonno is a Freelance News Writer for Esports Insider and has been part of the ESI team since 2019! His interests include the rapid rise of sim racing and its impact on the wider industry.