This company was founded in 2012 to capitalize on the rapid growing eSports industry as a specialized social media company that is creating an interactive social network for tournaments, leagues, and teams for all types of competitions. The software records permanent results of events participated in, and allows users to create multiple identities or profiles to engage with different groups and games separately. The software automatically organizes tournaments for any game user and can serve as a platform for broadcasting live web streams of any event using it.
ExWorks Capital provided the company with necessary working capital for liquidity needs as well as a future acquisition of two companies in the industry.
“ExWorks Capital’s true entrepreneurial nature allowed this company, with its nontraditional group of assets, to obtain the working capital necessary for planned acquisitions. We are pleased to be involved in such diverse industries and excited to grow with this company.” stated Matt Stanley, Managing Director at ExWorks Capital.
ExWorks Capital provides domestic, import and export trade financing offering financing solutions to businesses utilizing its own capital. ExWorks also carries Delegated Authority granted by both the SBA and ExIm Bank.
ExWorks Capital’s Offerings:
- Bridge Financing – ExWorks can provide short-term financing to fulfill existing company needs between $500,000 and $25,000,000.
- Domestic, Export, and Import Financing – ExWorks can purchase or finance export/import/domestic goods to provide additional liquidity when selling both domestically and overseas between $500,000 and $25,000,000.
- Working Capital Financing – ExWorks can provide financing on both Domestic and International Receivables and Inventory, including advancing on Raw Materials, WIP and Finished Goods, between $1,000,000 and $25,000,000.