[image credit : Tempo Storm/Galaxy Interactive]
Esports and gaming entertainment organization Tempo Storm announced that it has raised a $3.3M investment led by technology investor Galaxy Interactive. Tempo Storm stated that it will be using the proceeds of its latest investment round to “grow far beyond the confines of the traditional esports organization.”
Galaxy Interactive, which is a division of the digital assets and blockchain technology-focused merchant bank Galaxy Digital, invested via its $325M Galaxy EOS VC Fund, which is a partnership with software development company Block.one. The fund’s other recent investments include game technology studio Mythical Games and games broadcasting technology developer Genvid.
“What impressed us most about Tempo Storm is their vision beyond the traditional esports organization,” said Sam Englebardt, Managing Partner of Galaxy Interactive and Co-Founder of Galaxy Digital, in a release. ”Starting with the company’s founder and CEO, Andrey Yanyuk, this group is truly innovating in areas such as interactive productions and game development. Sure, they are successful esports competitors, but they are so much more, and it was an easy decision to invest in them.”
Tempo Storm was founded in 2014 by professional Hearthstone player and content creator Andrey “reynad” Yanyuk. The team is fielding several esports teams and players, including in games such as Hearthstone, Super Smash Bros., Magic: The Gathering, Shadowverse, PUBG Mobile, and Rainbow Six Siege.