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- Esports coaching platform ProGuides operator GLG Gaming announced that it has raised a $5M USD seed investment led by early-stage consumer technology venture capital firm M13.
- The company intends to use the proceeds of the financing for new hires, marketing, and building out its courses.
- Other investors participating in the financing round include Amplify LA, Quest Venture Partners, Peak State Ventures, and the GFR Fund.
Last week, esports coaching platform ProGuides operator GLG Gaming Inc. announced that it had raised a $5M seed investment. The financing round was led by early-stage consumer technology venture capital firm M13. Other investors include Amplify LA, Quest Venture Partners, Peak State Ventures, and the GFR Fund.
ProGuides, which was founded by Sam Wang, Kristoph Oedman, and Wesley Situ in 2015, intends to use the funding for new hires, marketing, and building out its courses.
“ProGuides is off to a great start having built a highly active, fast-growing esports community, and M13 is excited to help accelerate their reach across new games and new gamers,” said Gautam Gupta, an M13 partner, in a release.
The company joins several startups building esports/gaming coaching platforms and services that successfully raised money. Last month, Lithuania-based GOSU.AI raised a $2.8M Series B investment round to develop its AI-based coaching platform further. In 2018, AI coaching platform developer Visor secured a $4.7M Series A funding. In 2017, DOJO Madness raised a $6M Series A-II round to expand its esports coaching and data apps, esports analytics and training platform U GIT GUD was inducted into the newly launched Philadelphia 76ers’ innovation lab, and coaching service Gamer Sensei completed a $4M venture funding.