Berlin-based eSports startup, DOJO Madness, raises $4.5M led by March Capital Partners
Berlin-based eSports startup, DOJO Madness, has announced 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).¹ “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.
Source: Dojo Madness Press Release