BLAST raise $13.4 million in investments

Tournament operator BLAST has raised $13.4 million in its latest funding round. This information was shared by Dust2.dk, which cited company’s press release.

It was reported that the Export Investment Fund of Denmark (EIFO) became the main investor. However, funds were also provided by other companies.

With the secured funds, BLAST intends to upscale its technology offerings and broadcast infrastructure, part of which was established earlier with its platform BLAST.tv. In addition, the tournament operator will continue to organize tournaments around the world.

These investments come after an unprofitable year in 2022. According to the latest BLAST report, the company recorded a loss of $11.4 million.

Origin: www.dust2.dk