Blue Star Capital PLC (LON:BLU) said it has raised £550,000 via a share placing.
In a statement, the technology investor said part of the proceeds will be deployed to maintain its 13% stake in Dynasty eSports, which, separately, is about to embark on a £1.5mln (US$2mln) funding round. Cash will also be set aside “additional working capital”.
The new shares, issued at 0.15p, come with a warrant attached, exercisable at 0.25p.
In the same announcement, the market was told that Blue Star had settled certain unspecified liabilities via the issue of £16,000-worth of new shares.
A specialist investment firm, Blue Star’s focuses on esports, payments technology and its applications within media and gaming.
As well as directly funding e-sports teams, it has a significant stake in a micro-payments platform called SatoshiPay and a much smaller holding biometrics payments provider Sthaler.