May 19, 2021 — Virtex, the creators of the virtual esports stadium, today announced a $3.2
million Seed round of funding to expand its team. The round was supported by institutional
investors, including Global Founders Capital, All Iron Ventures, Sure Valley Ventures and Graph
Ventures, as well as prominent angel investors such as Mario Götze, Andre Schürrle and other
entrepreneurs in esports.

Virtex removes the limitations of the real world to redefine the esports and sports fan
experience, allowing experimentation and innovation to help create unforgettable live shows and
events. The Virtex Stadium platform has created an entirely new medium to provide
engagement with esports – where fans can view the gameplay live in 3D in the center of the
stadium. Fans can even jump from their seat right into the game and follow their favorite players
in real time as the action unfolds.

Monetisation in esports is recognized as a tremendous obstacle, and so Virtex prioritized
advancing the industry by eliminating barriers and empowering esports content creators with a
new, free, immersive, audience channel. The platform offers new revenue streams in a more
meaningful context, for instance, a virtual avatar jersey is more meaningful in a virtual stadium
than standalone in a digital wallet.
The capital, coinciding with a notable partnership with Meta and Echo VR, will be used to
continue the company’s growth and establish their presence through similar partnerships. The
founding team, passionate about the esports industry, sees their platform as a transformative
layer that others in the space can build upon.

“I’ve been a part of the esports industry for the greater part of the last decade, and during this
time I’ve worn many hats, from fan, to player, team owner to on-air talent and production,”
explains Tim Mcguinness, Co-Founder and CEO of Virtex. “Through my proximity to and passion
for the growing industry of over five hundred million fans, I’ve gained a deep understanding of
what those passionate about esports are looking for from their community. With this funding
and our continued growth, I’m confident that the value of this billion-dollar industry will continue
to grow, at all levels of the ecosystem, as fans and players alike will have new platforms to
connect and grow upon.”

The complete list of investors includes Global Founders Capital, All Iron Ventures and Graph
Ventures, Sure Valley Ventures, Possible Ventures and angels like Soccer World Cup Winners
Mario Götze and Andre Schürrle.

For more information on Virtex, please visit virtexstadium.com

About Virtex:
Virtex is the creator of the world’s first virtual esports stadium, Virtex Stadium. The company
combines the best of both worlds: creating the most exciting experience in esports and bringing
fans closer to the game.

Virtex removes the limitations of the real world, allowing experimentation and innovation to help
create unforgettable live shows around popular games and events. Having been a part of Esports
live events as competitors, organizers, and fans, Virtex cherishes the unique atmosphere of a
live show. Current partners include Echo VR and Meta. For more information, please visit
virtexstadium.com

Media Contacts
Molly Gagnon
[email protected]

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