Community Gaming, a New York-based provider of an esports competition platform, raised $16M Series A funding.
The funding round was led by SoftBank Group via its SB Opportunity Fund, with participation from Animoca Brands, Binance Labs, BITKRAFT Ventures, Griffin Gaming Partners, CoinFund, Hashed, Multicoin Capital, Shima Capital, Polygon Studios, ConsenSys Mesh and angel investors including Axie Infinity co-founder Jeff Zirlin, and Gabby Dizon, co-founder of Yield Guild Games.
The company intends to use the funds to grow operations in Latin America and Southeast Asia.
Led by CEO Chris Gonsalves, Community Gaming provides an esports competition platform, offering infrastructure to key industry stakeholders. Through its UX, plus blockchain payment technology, the platform equips players, competition organizers, and game developers with the tools they need to create, facilitate, and participate in esports tournaments.
By early 2022, Community Gaming reached the 100,000 unique registered users milestone on its platform. The major platform update expected later this year will allow users to earn supplemental income on the blockchain through gamified ‘Quests’ within the Community Gaming system.