Egyptian esports organization Anubis Gaming announced that it has closed a $300K USD seed financing round, bringing the company’s total funds raised to $450K. The investment was made in two tranches by the same investor, an undisclosed e-commerce group.
The first tranche of $200K was added to financially support the expansion of the organization’s international coaching staff and recruit additional players to venture into new games. The second tranche of a $100K capital insertion was made last month to launch an apparel line and move the organization’s teams into a fully equipped gaming house and training facility.
Anubis Gaming, which was founded in 2015 by Youssef Mohsen, secured a $150K pre-seed investment from a private angel investor in 2015. The organization currently fields teams in League of Legends and Crossfire.