Dojo Madness, a Berlin, Germany-based eSports startup, raises $4.5M in Series A venture capital funding.
The round was led by March Capital Partners, with participation from the Investment Bank of Berlin (IBB), and existing investors London Venture Partners and DN Capital.
The company intends to use the funds to expand its coaching apps to other eSports titles, as well as to expand into new data services in eSports.
Founded in December 2014 by Jens Hilgers, eSports veteran and Founder of ESL, Markus Fuhrmann, co-founder of Delivery Hero, and Christian Gruber, DOJO Madness has created a set of tools that leverage machine learning to allow gamers improve their skills. The company’s first product, LOLSUMO, is a real-time coach for League of Legends. It provides personalized guidance and actionable analysis while considering the user’s team-mates and opponents.
With over 500,000 app downloads on the App Store and Google Play since launch last September, the app currently delivers insights for 70k daily active users.
League of Legends, the world’s most popular game sees over 67 million people playing each month.
FinSMEs
20/05/2016