It seems like these days, Unikrn is getting lots of attention and investments coming from high-profile individuals and reputable companies. Rahul Sood must be happy because his recently-launched company is attracting investors and earning millions.
The global eSports betting site, founded by ex-Microsoft Ventures GM Rahul Sood, has raised $7m in its Series A funding round.
The said investment was led by Jonathan Teo and Justin Caldbeck of Binary Capital, who both happen to be early investors in Twitter, Snapchat, Instagram and multiple other successful tech startups.
This round brings total funding to $10m, which was raised after an initial round in November of last year brought in $2.5m.
Aside from Teo and Caldbeck, another investor contributed to a $10m (4.5m) investment round in Unikrn. Mark Cuban, an American billionaire, film producer, and owner of Dallas Mavericks, became interested at the betting site. And there were still other high profile investors that expressed interest in Sood’s company – Advancit Capital, Freelands Group, 500 Startups, Indicator Ventures, and Tabcorp.
Providing safe and legal betting for competitive video game matches, Unikrn has indeed grown massively. And the different investments coming from noteworthy shareholders are a good proof of their market value.
In fact, Binary Capital stated that they fully believe in the Unikrn executive team, what they are building, and their vision of how they want to heighten people’s engagement with eSports across all mediums.
On the other hand, Cuban explained his investment in a statement:
“Hundreds of companies every year try to get me to invest, whether on Shark Tank or off camera. However, I only put my money and my name on the companies that I feel will be successful, truly advance an industry and have a leadership team that I respect. Unikrn fits all these requirements. As a sports fanatic and owner of the NBA’s Dallas Mavericks, I’m excited to be involved with a new sport just as it’s poised for huge growth.”
Well, this speaks volume of the success that Unikrn is currently making. Sure enough, this eSports betting site will be known all over the world, granted that it’s legal in many countries.
And soon, Unikrn will be penetrating US market and other conservative nations. With Cuban’s investments in the company, you can sure count on that!