E-sports firm Still 8 banks US$4.1m in series C

Murex Partners and Dunamu & Partners invested US$4.1 million in e-sports startup Still 8 in a series C round. The company has raised US$23 million so far.

Still 8 runs game creator management, e-sports game league, and e-sports teams in League of Legends, Overwatch and PlayerUnknown’s Battlegrounds.

According to a report by Goldman Sachs, the global e-sports market is forecast to reach US$1.5 billion in 2020 and is expected to become a US$3 billion market by 2022, amounting to a 27% growth yearly. Around 167 million were estimated to have watched e-sports in 2018, which is predicted to grow to 276 million by 2022.

The company will spend the fresh funds to expand its game creator management business and its e-sports team, Griffin.

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