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Blue Star Capital says portfolio firm Dynasty eSports has completed a fundraising

The company said it has invested a further £225,000 to maintain its 13% holding in Dynasty, which is now valued at around £1.3mln

Blue Star Capital PLC - Blue Star Capital says portfolio firm Dynasty eSports has completed a fundraising

Blue Star Capital PLC (LON:BLU) noted that its portfolio firm, Dynasty eSports Pte Ltd, has raised around £1.73mln, at a valuation of £10mln, to further develop its eSports portal management platform.

The investment firm said it has participated in the fundraiser, investing a further £225,000 to maintain its 13% holding in Dynasty, taking its total investment in the company to £428,000 and valuing its stake in the group at around £1.3mln.

READ: Blue Star Capital raises £550,000 via share placing partly to maintain stake in Dynasty eSports

"We are delighted to be supporting Dynasty in its fundraise which should provide the company with sufficient capital to fully exploit its ambitious expansion plans”, Blue Star chief executive Tony Fabrizi said in a statement.

“Dynasty is the second of our esports investments to raise money at a significant premium to our original investment and we look forward to updating the market on their progress as well as Guild and our other esports investments throughout the remainder of 2020", he added.

Blue Star's shares were 11.1% lower at 0.2p in early deals on Tuesday.

--Adds share price--

Quick facts: Blue Star Capital PLC

Price: 0.195 GBX

AIM:BLU
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Market Cap: £7.9 m
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Blue Star Capital supports Dynasty eSports in latest fundraise to maintain...

Blue Star Capital PLC's (LON:BLU) Tony Fabrizi updates Proactive London's Andrew Scott following its latest fundraise with Dynasty eSports. The company has invested a further £225,000 to maintain its 13% holding in Dynasty, which is now valued at around £1.3mln. Fabrizi says the company is on 'a...

on 11/8/20

2 min read