Guild Esports PLC (LSE:GILD, OTCQB:GULDF) has raised £130,000 through a share placing and subscription joined by the teams organisation and lifestyle brand’s senior management team and John Lanyon, the chief executive of acting bookrunner Arkios.
Lanyon contributed an initial £50,000 to the equity round, with a further £50,000 expected in the second tranche by the end of the year.
Guild chief executive Jasmine Skee and other senior managers contributed a further £30,000 combined.
"We are pleased that management and advisors have supported the company, which stands as a vote of confidence in Guild's strategy and solidifies the commitment of our leadership team and advisors,” said Skee.
This additional funding combined with last month’s £1 million subscription “opens exciting avenues for Guild and provides us with the means to accelerate our strategic initiatives as we look to build the world's leading gaming-focused media brand”, Skee added.