Esports competition organizer BLAST raised €12.5M ($13.5M) in funding from various technology and venture capital companies.
The round was led by Johan Gedda, co-founder of Rocket Software, and returning investor Vækstfonden, the Danish state’s investment fund. Further existing investors European VC funds Creandum, Heartcore Capital, and Maki helped complete the round.
A Denmark-based company, BLAST is an esports entertainment company that specializes in broadcast studio shows, arena events, and online content. The company’s broadcast products can be seen on global TV networks, as well as digital platforms such as Twitch, YouTube, and its own broadcast platform.
Mostly known for its Counter-Strike: Global Offensive competitive tournaments across seven events and five continents, BLAST has recently acquired another competitive title in Valve’s massive online battle arena (MOBA), Dota 2.