We closed our A Round!
We are incredibly proud to share the news on the closing of our A Round. Here is our official Press Release which you can also find on techcrunch.com and other tech magazines:
eSports Startup, DOJO Madness, raises $4.5 Million Series A Round to Expand its Machine Learning Data Services
Berlin, Germany, May 19, 2016
Berlin-based eSports startup, DOJO Madness, announced today that it has raised a $4.5M Series A round. The round was led by March Capital Partners, with the Investment Bank of Berlin (IBB), and existing investors London Venture Partners and DN Capital, participating.
DOJO Madness has created a set of tools that harness the power of the latest innovations in machine learning to help gamers improve their skills. DOJO’s first product, LOLSUMO, a real-time coach for League of Legends, provides personalized guidance and actionable analysis while considering the user’s team-mates and opponents. With over 500,000 app downloads since launch last September, the app delivers insights for 70k daily active users, and is a top rated League of Legends app on both the App Store and Google Play.
The new funding round will be used to expand DOJO’s coaching apps to other eSports titles, as well as to expand into new data services in eSports. League of Legends, the world’s most popular game sees over 67 million people playing each month.
The number of people both watching and playing different eSport games continues to grow at an unprecedented rate. From 2012-2017 the eSports audience is expected to grow 20% (CAGR) and revenues are projected to increase 29% (CAGR)*. “We launched our first coaching App, LOLSumo, a year ago, and we have been overwhelmed by the positive user feedback. With our new funding, we will continue to add great features, and launch our service for additional eSports games,” says Jens Hilgers, DOJO Madness CEO.
“We have monitored the explosive growth of eSports, and believe that the future is in data services,” says Gregory Milken, Managing Director of March Capital Partners. “The machine learning technology that Dojo Madness brings to the table is a game changer for League of Legend players, and I can’t wait to see it rolled out to additional games.”
DOJO Madness was founded in December 2014 by Jens Hilgers, eSports veteran and Founder of ESL, Markus Fuhrmann, co-founder of Delivery Hero, and Christian Gruber.
About DOJO Madness
Passionate gamers by heart, DOJO Madness is a team of eSports veterans building next generation tools that help gamers master their play. DOJO’s technology-driven products solve real issues gamers and community are facing every day.
*Source: Global Growth of eSports Report. 2015 Newzoo. More info can be found here.
Press Contact:
Kalie Moore
DOJO Madness Head of Communications
+49 174 184 0124
@kaliemoore