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Blue Star Capital branches out into e-sports

Snapshot

Recently raised £900,000 to invest into e-sports franchises

Blue Star Capital - Blue Star Capital branches out into e-sports

Quick facts: Blue Star Capital

Price: 0.105 GBX

AIM:BLU
Market: AIM
Market Cap: £3.3 m
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  • Blue Star is tech investor with stakes in e-payments, e-sports and micropayments
  • Recently raised £900,000 to invest into e-sports franchises
  • Biggest holding is the stake in micropayments group SatoshiPay

 

What it does

In October, Blue Star Capital PLC (LON:BLU) signed agreements to invest £150,000 each into six e-sports teams around the world.

These companies are based in the UK, India, the US, Singapore, Australia and Canada and participate in a variety of sports.

The funding is two tranches with warrants attached that can raise an additional £1.37mln for the company.

Blue Star said: "Each of the companies will create or acquire a competitive esports franchise to generate revenue from tournament winnings, digital marketing opportunities, sponsorship, membership, merchandise and promotional tours and events."

Micropayments platform SatoshiPay ( Blue Star 27.9%) is currently valued at £4.6mln.

Biometrics payments provider Sthaler (1%) has developed the biometric Fingopay product, which is being trialled in Manchester, at certain universities and festivals.

Video

Inflexion points

  • Completion of fundraising and investments in esports franchises
  • Canadian entrepreneur David Lew will invest £100,000 and become chairman
  • SatoshiPay is expanding into the vast cross-border payments business

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Full interview: Blue Star Capital shifts focus to eSports as it invests in...

Blue Star Capital PLC's (LON:BLU) Tony Fabrizi tells Proactive London they're to raise up to £900,000 to fund a shift of direction into the esports arena. Blue Star will invest about £150,000 each into six esports businesses spread throughout the world in the UK, USA, Canada, Australia and...

on 14/10/19

2 min read