MADMONQ Raises $600K Seed Round – The Esports Observer

Czech esports supplement startup MADMONQ announced that it has raised a €500K EUR ($598K USD) seed financing round from investors, including poker player and esports professional Bertrand “ElkY” Grospellier, Twitch streamer Lex Veldhuis; content creator Radek “sterakdary” Starý, Lukáš “lastgameblitz” Křítek, Vojta Roček, and AdRock Ventures. 

MADMONQ revealed that it intends to use the funding “to raise awareness around the need to prioritize health in gaming, new product development, scaling the team, and paving the way for Series A round, planned for late 2021. 

The company, which was founded in 2017, reported that it has achieved seven-figure revenue in 2020 and has been profitable since its inception. 

Source: Read Full Article