Vainglory Owners Raise $19 million for their Mobile MOBA
    By Frankie Price on Aug 12, 2017

    Super Evil Megacorp CEO Kristian Segerstrale has announced the successful completion of a new round of funding for Vainglory. The MOBA game can be played on mobile devices and is one of the best in this genre, with millions of players worldwide. Since it was launched in 2014, it grew a lot and has its own eSports league with enthusiastic players scattered across all continents.

    By securing the new round of funding, its owners hope to further increase the prominence of Vainglory on the eSports arena. The money will be spent mostly to produce a better gaming experience for those who use mobile devices using the latest touchscreen generation. It will also go on rewarding developers who work on this game and expanding the current team.

    Current Investors Double Down on Vainglory

    All the money raised during the latest funding campaign was put together from companies already investing in this video game. CrossCut Ventures, General Catalyst, Initial Capital, Raine Ventures, Signia Venture Partners and ZhenFund were convinced to increase their commitment. Overall, these ventures have spent in excess of $60 million on Vainglory and apparently are willing to commit more resources.

    The developers intend to expand the game and allow as many as 10 players to compete in Vainglory matches. This will bring it closer to the standard format of MOBAs such as League of Legends and Dota 2. The emphasis is still on making the game user-friendly among mobile users and to keep it unique despite its numerous similarities to MOBA titles.

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