Mentioned in this article
- U.S. esports and gaming entertainment organization Tempo Storm secured a $3.3M USD financing round led by technology investor Galaxy Interactive through its Galaxy EOS VC Fund.
- Proceeds of the investment will be used to accelerate the company’s interactive media and game development, including building its Game Changers franchise and launching its card game The Bazaar.
- In April 2018, an Indiegogo campaign by Tempo Storm’s founder raised $115K towards the development of the digital deck-building card game The Bazaar.
Today, esports and gaming entertainment organization Tempo Storm announced that it has raised a $3.3M investment led by technology investor Galaxy Interactive. Tempo Storm stated that it will be using the proceeds of its latest investment round to “grow far beyond the confines of the traditional esports organization.”
Galaxy Interactive, which is a division of the digital assets and blockchain technology-focused merchant bank Galaxy Digital, invested via its $325M Galaxy EOS VC Fund, which is a partnership with software development company Block.one. The fund’s other recent investments include game technology studio Mythical Games and games broadcasting technology developer Genvid.
“What impressed us most about Tempo Storm is their vision beyond the traditional esports organization,” said Sam Englebardt, managing partner of Galaxy Interactive and co-founder of Galaxy Digital, in a release. ”Starting with the company’s founder and CEO, Andrey Yanyuk, this group is truly innovating in areas such as interactive productions and game development. Sure, they are successful esports competitors, but they are so much more, and it was an easy decision to invest in them.”
Tempo Storm was founded in 2014 by professional Hearthstone player and content creator Andrey “reynad” Yanyuk. The team is fielding several esports teams and players, including in games such as Hearthstone, Super Smash Bros., Magic: The Gathering, Shadowverse, PUBG Mobile, and Rainbow Six Siege.
Furthermore, the organization ventured into game development and the creation of an interactive media franchise in April 2018 when two projects were launched, the live travel Twitch show, Game Changers, and Reynad’s digital deck-building card game, The Bazaar. According to Tempo Storm, its additional funding will allow them to focus on building the Game Changers franchise and launching The Bazaar.
