Game platform FaceIt raises $15m in series-A funding

The investment comes after FaceIt raised a $2m seed round led by United Ventures in March 2015. The VC backers will retain a minority stake in the target company.

According to Niccolo Maisto, founder and CEO of FaceIt, the fresh capital will allow the business to further strengthen its relationship with US-based developers, publishers and other partners. Therefore, the company plans to open a new office in Los Angeles, but also to expand its operational platform and bolster the European team.

Representatives from the venture backers will join the company's board. According to United Ventures, the investors are open to further funding rounds based on the company's needs.

Company
Founded in London in 2012, FaceIt is a gaming platform for online multiplayer games, with a base of 3.5 million users. The technology allows players to compete in tournaments and leagues for virtual and real-world prizes through automated tournament management and match-making technology. The team has been growing from the initial five to 35 members, with headcount expected to increase to 50 this year.

People
FaceIt – Niccolo Maisto, Michele Attisani (co-founders, CEOs).
United Ventures – Massimiliano Magrini (co-founder, managing partner).
Anthos Capital – Alex Birns (investor).
Index Ventures – Ben Holmes (general partner).

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