BLAST raises €12.5M in funding round

Danish tournament organiser BLAST has completed a funding round, raising a total of €12.5 million (£11.1 million).

The round was led by Johan Gedda, CEO and Co-founder of Rocket Software, and Danish investment fund Vækstfonden.

Photo credit: BLASTEuropean venture capital firms Creandum, Heartcore, and Maki – existing investors in the company – rounded out the funding with further investment.

Gedda spoke on the decision to invest in a release: “The opportunity to combine and create a deeper technology stack that will evolve the future of esports is one of the reasons I am pleased to partner with BLAST. I am impressed by their plans and look forward to leveraging my experience in the technology…