Esport News – SoStronk announces funding from IP Ventures

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Online gaming platform SoStronk has raised an undisclosed sum of money from IP Ventures in a funding round.

The capital will be used for research and development and to expand its team. It’ll focus on recruitment, marketing, QA, and development.

SoStronk Funding Round
Image credit: SoStronk

Tanmaya Vats, Investor at IP Ventures commented on the investment: “Esports is a very attractive segment with revenues already exceeding $1 billion. SoStronk is a platform created for gamers by gamers. More than half of 200 million+ esports enthusiasts are based in Asia and SoStronk has built a strong presence in the CSGO space here.”

SoStronk is an India-based startup, operated by Archetype Entertainment, which offers services for Counter-Strike: Global Offensive players and event organisers. It focuses on the esports markets in India and Southeast Asia.

Prashant Prabhakar, CEO & Co-founder of SoStronk had this to say: “We’re really excited to partner with IPV and will utilise the funds for R&D and growing the team, with a focus on marketing, development and QA.”

In May 2018, SoStronk entered a partnership with North America-based organisation OpTic Gaming and AFK Gaming to build a CS:GO team based in India. It was formed in June 2018, but the global initiative was scrapped months before Immortals Gaming Club acquired the organisation.

Esports Insider says: SoStronk has chosen a very specific target: CS:GO in India and Southeast Asia. This funding from IP Ventures may be the opportunity to expand its offering, and we’re curious to see how it will turn out.

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Source : SoStronk announces funding from IP Ventures


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