Top European VC Firm Mangrove Capital Partners Invests in DreamTeam
Originally published on: Top European VC Firm Mangrove Capital Partners Invests in DreamTeam
Read the original article
April 15, 2018
DreamTeam, the world’s first infrastructure platform and payment gateway for esports and gaming, announces today an investment from Mangrove Capital Partners, a major European venture capital company.
Mangrove Capital Partners has a portfolio of over 100 prospective companies. Since the company’s establishment in 2000, it has raised over $1Bn in venture funding that has helped boost the tech industry and open new horizons for many entrepreneurs. With a startup focused strategy, the company invests heavily in early-stage businesses all over the world. Among the most successful investments are Wix (NASDAQ: WIX) currently valued at $3,7 billion, and Skype, which was bought in 2005 by eBay for $3.1 billion.
Commenting on the investment, Alexander Kokhanovskyy, DreamTeam CEO and Founder said: “DreamTeam continues to evolve esports and develop the infrastructure platform for 300M gamers and payment gateway for the #1 sports of the future. We are planning our future ICO already, and Mangrove is a leader in this field, so I am delighted to welcome them to our journey.”
In addition, David Waroquier, Partner at Mangrove Capital, joins the DreamTeam Advisory Board. His experience and deep-rooted insights will be invaluable to the explosive growth of the project.
“With his 17 years of experience in esports, Alexander is amongst the most connected professional in the industry. And we have immediately been impressed by his passion, his drive and deep understanding of the essential needs of the gaming ecosystem and gamers that want to develop and join competitive team plays. We are excited to work with Alexander and the DreamTeam crew in building up their esports infrastructure platform globally. In addition to providing an all-in-one solution for hundreds of millions of gamers to build, grow, manage and monetize their teams, DreamTeam has the potential to create the de-facto payment gateway for the esports industry by leveraging blockchain and smart contracts technologies. The combination of an integrated esports platform with the ease and transparency of token-based smart contracts make it probably the most powerful and scalable esports solution available globally,” stated David Waroquier.
DreamTeam is the world’s first infrastructure platform and payment gateway for esports and gaming. With the unlocking of blockchain and smart contract technologies, it becomes possible to create a one of a kind platform and payment gateway for players, teams, tournaments, and sponsors.
For more information on DreamTeam and its ICO, please visit http://token.dreamteam.gg
Mangrove Capital Partners is a venture capital and private equity firm focused on early and expansion stage investment rounds, mid ventures, startups, growth capital investments, buyouts, and emerging growth. Its mission is to help turn visions into realities by providing financing, thoughtful advice, relevant experience, and industry relationships to their portfolio companies. Companies include: Skype, Wix, Walkme, Freedompop, Lesara, JobToday, Letgo, RedPoints and many others.
Mangrove Capital Partners was founded in 2000 and is based in Luxembourg City, Luxembourg. For more information about Mangrove, please visit http://www.mangrove.vc/
This is a paid press release. BTCManager does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products or other materials on this page. Readers should do their own research before taking any actions related to the company. BTCManager is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.