Edge raises $1.5m in seed follow-on funding to scale its esports infrastructure platform
The investment round was led by Blake Picquet and will support team expansion and product development.
Edge provides an end-to-end platform that connects data, contracts and payments for the esports and video games sector. Its technology automates business operations to ensure efficiency and transparency for publishers, teams and influencers.
Edge has secured $1.5m in funding led by Blake Picquet, representing a family office with interests in sports and technology. The round also drew participation from Green Egg Ventures, Game Tech Ventures, and Robert Reeg.
The capital will be directed towards expanding team infrastructure across marketing and business development, alongside recruiting technical talent. The company plans to scale its platform, introduce features such as Edge Sandbox for smart contracts, and increase its range of game implementations.
Created for the video games and esports industry, Edge automates data tracking, smart contracts and payments to reduce friction in commercial arrangements. The business was founded in 2018 by Adam Whyte, David Yarnton and Scott Hiett.
From the founder
"When we started Edge we were very focused on the value of smart contracts for both businesses and the individual. The esports and video games industry is young and fast paced and unfortunately certain processes and regulations often fall by the wayside. Our ambition initially was to create something that would make the industry safer and over time we’ve found our Edge technology has multiple purposes,"
Adam Whyte
Co-Founder and CEO at Edge
Investor perspective
"We invested in Edge because we believe in their vision. Using data to power and automate business makes sense in a global economy that is increasingly measured in reach, clicks, likes and engagements. We love the intersection of sports, tech, and media investments. Edge is enabling the growth of the influencer, streaming and gaming industries by providing a purpose built solution. Edge uses new world solutions for new world industries. Their executive team couldn’t be better assembled to tackle this complicated problem with a simple solution. We are excited to give Edge lift-off internationally and look forward to supporting their growth in the US initially."
Blake Picquet
Manager, Blake Picquet
Use of funds
- 01Grow the team
- 02Continue product development