PE Fund Investments
Social gaming co Eloelo raises $22-M co-led by Courtside Ventures, Griffin Gaming Partners
Bengaluru-based firm Eloelo, a platform that combines social gaming and live streaming, has raised USD 22 million in a Pre-Series-B round co-led by Courtside Ventures and Griffin Gaming Partners. MIXI Inc participated in the funding round along with existing backers WaterBridge Ventures, Lumikai Fund, Kalaari Capital, Convivialite Ventures, and Rocket Capital. Eloelo will use the new capital to partner with more creators and develop new tools across artificial intelligence (AI) and augmented reality (AR), broaden recruitment efforts to attract tech and product talent, and reinforce revenue generation and monetisation strategies.
From the Venture Intelligence PE-VC Deal Database: Between Jul-20 and Jun-22, Eloelo had raised over USD 15 M from Kalaari Capital, WaterBridge Ventures, KB Investment, Lumikai, Veda VC, Rocket Capital, Peak XV Partners and others. (Subscribers to the database can login to view the valuation, deal structuring and other transaction details.)
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