Sydney, Australia-based, the leading gaming, esports, and entertainment media network, GAMURS, closed its Series A round at USD 12 million. The company announced the closure on October 5, 2022. Elysian Park Ventures and Cerro Capital co-led the round. Meanwhile, Powerhouse Capital, Aura Ventures, and Artesian joined in the funding.
Purpose of financing for GAMURS
With the latest capital injection, the company intends to fuel its rapid growth strategy.
It also seeks expansion into adjacent markets.
What the founder has to say
Riad Chikhani, Founder and CEO of GAMURS, said, “We are incredibly proud to have the backing of Elysian Park Ventures, Cerro Capital, and all of our incredible investors. The round not only presents a fresh injection of growth capital but offers the opportunity to collaborate with strategically aligned investors. The investors will actively add value in our journey to redefine gaming and entertainment media.”
What the investors have to add
Ashish Patel, Cerro Capital Co-Founder and Managing Partner, said, “At Cerro Capital, we view GAMURS as the driving force to consolidate an incredibly fragmented esports and gaming media ecosystem. Through a number of M&A transactions to date, we’ve seen that they’re incredibly adept at identifying targets, running a smooth integration process, and driving near immediate growth in audience and revenue, in a profitable manner. We’ve been consistently impressed by CEO Riad Chikhani’s discipline and leadership in operating the organization profitably. It is a rare feat in today’s digital media environment — all while still being under-monetized from an advertising perspective.”
In addition, Nikhil Bahel, Elysian Park Ventures Managing Partner, said, “Our mission at Elysian Park Ventures is to invest in companies that are going to have a profound impact on the sports world. GAMURS has quickly snuck up on the emerging esports market with a sustainable business model and a remarkably focused and passionate founder in Riad. We’re excited to support the company as it continues to scale and present more opportunities for both consumers and advertisers.”
Besides, Ian Doody, Powerhouse Capital Co-Founder and Managing Partner said, “As investors in media, sports, and gaming, Powerhouse believes that companies can create durable competitive advantages and sustainable success through a focused lens. GAMURS has established itself as a market-leading platform super-serving an audience of 55 million active users across the gaming, esports, and entertainment sectors, which is experiencing tremendous global growth. Powerhouse couldn’t be more excited to partner with GAMURS Group, Riad, and the rest of the team as the company continues to scale, execute against new revenue streams, and increase its presence in the gaming ecosystem.”
About the company
In Jan 2015, Founders Halim Yoo, Phillip Luu, and Riad Chikhani launched the company. GAMURS is a provider of gaming, esports, and entertainment media network. It boasts a strong customer base of 55 million MAUs. The company also has a robust portfolio of 16 major digital publications covering esports, gaming, and entertainment.
For more extensive analysis and Market Intelligence reports, feel free to approach us.
We try our best to fact-check and bring well-researched as well as non-plagiarized content to you. Please let us know
if there are any discrepancies in any of our published stories,
-how we can improve,
-what stories you would like us to cover
–what information you are looking for, in the comments section below or through our contact form! We look forward to your feedback, and thank you for stopping by!