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Gaming start-up takes lead in eSports with £13m listing

Newspaper

Gfinity is the first company in the fast-growing online electronic sports (eSports) sector to list on AIM, raising £3.5m to give the business a valuation of £13.2m. The company hosts online gaming tournaments and plans to use the proceeds from the listing to beef up prize money and help to build the UK's first online eSports arena in London, seating 500 people. Gfinity currently has more than 270,000 people registered, and is attracting 30,000 new subscribers a month. Some 7m people viewed eSports last year, according to Super Data Research, twice the total for 2012. Pundits forecast exponential growth for the industry in 2015. eSports is a huge business in the US and Korea, but is in its infancy in the UK.

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