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XBorg Partners with Esports Organizations to Build Open Infrastructure for Gaming Industry

Jan 01, 2025over 1 year ago

Contract Type

partnership

GamingSportsEsports

Description

In 2024, XBorg announced a partnership with esports organizations to raise $9m exclusively from individual investors. This allowed them to have over 25,000 gamers and industry enthusiasts collectively own the company and guide its development. They aim to create a public good for gaming by optimizing for industry-wide impact rather than shareholder returns.

Company Information

Company

XBorg

About

XBorg is a tech startup that has built a product allowing esports teams to create customised fan applications for gamified and immersive fan experiences. They have partnered with esports organizations like Team Liquid, Ninjas in Pyjamas, and Team BDS.

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Agreement Insights

Based on industry data
Strategic partnership established
Partnership agreements typically involve technology integration and joint go-to-market strategies
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Companies with recent agreements are 2.3x more likely to make additional purchases within 6 months

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