Gamestry, a Barcelona-based gaming video platform, has raised $5 million in seed funding to enhance support for video creators and expand its user base amid significant market growth.
Target Information
Gamestry, a gaming video platform based in Barcelona, has successfully secured $5 million in seed funding. This investment round was led by prominent firms: Goodwater Capital, Target Global, and Kibo Ventures. The platform has demonstrated remarkable growth, achieving a staggering 175-fold increase over the past twelve months.
Founded in 2018, Gamestry initially focused on curating educational gaming content. However, in a strategic pivot made last year, the founders expanded their offerings to include entertainment-focused video uploads created by users. This change has proven advantageous, as the platform now boasts 4 million monthly active users (MAUs) and over 2,000 active creators, primarily in Spain and Latin America, with aspirations to reach 20 million MAUs by year-end.
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Industry Overview
In Spain and Latin America, the gaming video industry is rapidly evolving, driven by a significant increase in internet penetration and mobile gaming. The market is increasingly characterized by a younger demographic, with a substanti
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Goodwater Capital, Target Global, Kibo Ventures
invested in
Gamestry
in 2021
in a Seed Stage deal
Disclosed details
Transaction Size: $5M