Guild Esports Raises £130,000 in Follow-On Fundraise
UK-based esports organisation Guild Esports has recently completed a follow-on fundraising round, generating £130,000. This comes after the organisation’s latest £1 million subscription by an unnamed esports brand, solidifying the company’s position in the esports market.
Guild Esports, founded in 2018, has made significant strides in the gaming industry with the ultimate goal of becoming a leading gaming-focused media brand. With a strong executive team that includes CEO Jasmine Skee, SVP of Creative and Strategy Nick Westwood, and VP of Commercial, Esports and Gaming Luke Jones, among others, the organisation’s current operations are aimed at elevating esports to new heights.
The follow-on fundraise was carried out through a share placing and subscription of up to 26,000,000 new ordinary shares, at a price of £0.005 per share. Notably, the company’s executive management subscribed for an aggregate total of 6,000,000 new ordinary shares, contributing £30,000 towards the fundraise. John Lanyon, CEO of financial institution Arkios, also subscribed to the fundraise, with a total contribution of £100,000, split into two segments.
In a statement, Jasmine Skee, CEO of Guild Esports, remarked: “This additional funding will be used together with the injection of capital announced last month opens exciting avenues for Guild and provides us with the means to accelerate our strategic initiatives as we look to build the world’s leading gaming-focused media brand.” Adding to the fundraising event, Special Advisor Stephen Duval and John Lanyon were awarded warrants to subscribe for 15,000,000 and 5,000,000 ordinary shares, respectively, at a price of £0.005 per share.
This new round of funds is seen as a vote of confidence in Guild’s strategy and direction, as they aim to expand their presence and influence in the esports market. The additional capital will aid the company in executing their strategic initiatives, seeking new partnerships, and enhancing their brand image across the global gaming landscape.
As the esports market continues to grow exponentially, companies like Guild Esports are bringing new wave of innovation and opportunities to the industry. The injection of capital from this follow-on fundraising is expected to serve as a catalyst in Guild’s long-term vision, potentially attracting more investors and creating synergies with other industry players in the future.
In conclusion, the £130,000 follow-on fundraise serves as an affirmation of Guild Esports’ direction and future prospects. With this new capital under their belt, we can expect to see accelerated growth in their operations and an increased influence in the esports industry. Guild Esports’ journey is a testament to the company’s dedication and commitment to building an unparalleled gaming brand and setting new industry standards in the esports world. As the organisation continues to make headway, it is set to leave an indelible mark on the global gaming arena.
