First, billionaire
investor and Shark Tank television celebrity Mark Cuban invested in Unikrn. Now
Ashton Kutcher and Guy Oseary are investing in the esports gaming startup
through their Sound Ventures investment firm. Unikrn is also launching its
global platform today.
Following on a $7
million investment that included Cuban, the deal is another sign that esports
is maturing and that entrepreneurs are figuring out ways to make money from the
tens of millions of people who regularly watch esports matches for fun.
Seattle-based Unikrn has created a website where you can bet on matches with
your favorite esports athletes in games such as League of Legends,
Counter-Strike Global Offensive, Dota 2, and others.
Rahul Sood, CEO of
Unikrn.
Rahul Sood founded the
company in September with Karl Flores, another gaming entrepreneur. He’s a
former Microsoft executive and founder of gaming PC maker Voodoo PC.
The previous investment
round was led by Jonathan Teo and Justin Caldbeck of Binary Capital, who are
known for early investing in companies such as Twitter, Snapchat, Instagram,
Whisper, and Taskrabbit. Besides Cuban, other investors include Advancit Capital,
Freelands Group, 500 Startups, Indicator Ventures, and Tabcorp.
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To date, Unikrn has
raised $10 million in its short life. But the company is moving fast to take
advantage of the growth of esports. According to ESPN, 27 million people tuned
in to watch the 2014 finals of the League of Legends World Championship. That
is more than watched the final game of the World Series (23.5 million) or the
NBA Finals (18 million). The global audience on Twitch is more than 100 million
monthly active users.
The company launched
its Unikrn Arena Global around the world. It’s a virtual arena where users can
earn “Unikoins” by participating in various activities and then use the virtual
currency to increase their chances of winning prizes. Unikrn is also launching
its Unikrn Vault companion app, which will be available soon on Android and
iOS.
Unikrn works on either
mobile or desktop, and it operates only in jurisdictions where betting on
esports is legal.
Sood was recently
general manager of Microsoft Ventures, but he quit that job to start Unikrn
with Flores, the former CEO of online gaming advertising firm Pinion.
“I’ve had the pleasure
of investing and being involved in a number of outstanding startups, and Unikrn
stood out because they are completely changing how people engage with esports,”
said Kutcher in a statement. “Esports are mainstreaming, and Unikrn Arena
provides fans with an additional level of excitement not found elsewhere.”
Kutcher and Oseary are
active tech investors, and they have taken stakes in Airbnb, Foursquare, Skype,
SoundCloud, Square, Zenefits, and Uber.
“I’m thrilled to be
launching Unikrn Arena to the world, and releasing the Unikrn Vault App to
allow our users to generate Unikoins is something we’re all really excited
about,” said Rahul Sood, CEO Unikrn, in a statement. “At the same time,
bringing Ashton Kutcher and Guy Oseary on was a big deal for me. They are well
known for picking winning consumer technology companies and are incredibly
connected. We’re looking forward to
working with their team to help make Unikrn Arena a big success.”
Unikrn is now offering
daily “quests” that provide the chance to earn Unikoins, which can be used to
win prizes from companies such as: Alienware, Caseking, Funko, Gunnar, HP,
HyperX, and Logitech. Types of quests include “Betting Quests,” which reward
users for placing bets on Unikrn; “Social Quests,” which reward users for
engaging with their friends and/or social networks; and “Trivia Questions,”
where users can answer questions about the games being played on Unikrn.
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