Malta, 8th June 2018: chiliZ, the tokenization platform for esports & sports teams, confirms that it has reached its goal to raise $65 million through a global private placement of chiliZ tokens ($CHZ).
In the last few days, the private placement phase became oversubscribed, with the fintech company receiving $30+ million in applications mainly from Asia over and above the hard cap, confirming the appetite for the chiliZ vision.
“We have been overwhelmed by the demand for chiliz tokens in the last few days,” says Alexandre Dreyfus, chiliZ CEO. “It has been a combination of hard work from the team, but also our strategic partners who invested and believe in our long term vision. This gives us a great runaway to develop and deploy our vision, and to start looking at acquisitions.”
Through private placement, the company welcomed new strategic investment from organisations like Binance, OK Blockchain Capital, FBG Capital, Ceyuan Ventures and Bancor and from private individuals across Asia and Europe, including blockchain and technology pioneer Steven Nerayoff.
“Being a Malta-based company has really helped us to secure investment contribution,” says Emma Diskin, PR & Communications Director for chiliZ. “Malta is soon-to-be regulated, and has a pro-blockchain government. Right now, it is the best place in the world to build blockchain initiatives. We are very lucky to have called Malta home for the last 12 years.”
chiliZ will begin to promote the platform to the booming esports industry at the Gamescom conference in Cologne (21-25 August) as well as EsportsInsider London and EsportsBAR Miami in September. The company has ongoing negotiations with more than 10 first-tier esports teams and aims to start onboarding by the end of this year. In May, chiliZ announced plans to invest at least $10 million in partnerships with esports organisations who compete in ‘Battle Royale’ type games such as PUBG or Fortnite.
In parallel, chiliZ is working on its “traditional sports” strategy and will soon announce a major new initiative for the chiliz token in that space.
Emma continues: “We are very confident about the next steps of our venture, thanks to the very broad range of strategic partners that we have onboard, the interest of the community in the speciality of our project, as well as the existing relations we have with majors esports organisations, collecting millions of fans that we want to connect to our product. It’s important to remember that we have a long journey ahead of us, but that our long-term goal is to increase fan engagement and fan monetization in the sports industry, whilst building tools that will help mainstream adoption of blockchain and cryptocurrencies.”