Enthusiast Gaming Announces Seed Financing

Video Game focused Media Company secures financing to launch next phase of growth of its global community of gamers

TORONTO, Sept. 19, 2016 /CNW/ - Enthusiast Gaming Inc., ("Enthusiast Gaming" or "EG") a private Canadian media company focused on the video gaming vertical, announced today that it has raised over $600,000 in seed financing from a group of angel investors, including York Angel Investors and Spark Angel Network.

Since its inception, Enthusiast Gaming has been growing its community of gamers across its owned digital properties, community forums and live events. Earlier in 2016, the Company launched, "Enthusiast.gg", the world's first social media platform dedicated exclusively to gamers. In addition, Enthusiast Gaming is extending its reach of gamers through strategic partnerships with some of the world's largest gaming properties, including Gosu Gamers, www.gosugamers.net. Today, Enthusiast Gaming reaches more than 5 million unique gamers monthly, across the Xbox, Nintendo, PlayStation, and PC Gaming communities.

This financing will allow Enthusiast Gaming to continue growing its reach of gamers globally and raise its ad serving and monetization capabilities to new heights. The ability to deliver quality audiences to our advertising partners while providing our publisher community with increased monetization opportunities is a win-win and is a hallmark of our success to date.

"As part of our culture at Enthusiast, we've always tried to foster an enthusiasm in the work we do every day, which is reflected in our team's common energy and passion to meet the needs of our gaming communities. When speaking with the York Angels and Spark Angels, I quickly realized they have that same common denominator - they are excited by young innovative companies coming to market and are enthusiastic about helping them grow. The start up world needs more organizations like these. We're delighted to have the York Angels and Spark Angels as shareholders of Enthusiast Gaming," said Menashe Kestenbaum, Founder & CEO of Enthusiast Gaming

"The global gaming market is growing every day and we feel like we're building the winning formula to meet the needs of today's gamer. We thank our seed investors for believing in our vision," said Meir Bulua, CIO of Enthusiast Gaming.  

"We are delighted to be partners in Enthusiast Gaming, a significant investment from the York Angels and Spark Angels. The gaming space is one of the fastest growing media verticals and our investment is a testament to our confidence in the Enthusiast Gaming team to being able to deliver outstanding growth," said Rudy Joss of York Angel Investors.

About Enthusiast Gaming

Enthusiast Gaming is a growing media company focused on the video gaming segment. Together with its owned digital platforms, news websites, community forums, and the recently released "Enthusiast" social media platform, www.enthusiast.gg, it also represents a growing number of some of the largest gaming news sites in the world. Together, Enthusiast Gaming reaches more than 5 million unique gamers monthly. Enthusiast Gaming also created Canada's largest gaming expo, Enthusiast Gaming Live Expo (EGLX) in partnership with Metroland Media a wholly owned subsidiary of the Torstar Group. The company is headquartered at Northspace in Toronto, Canada. For more information, visit www.enthusiastgaming.com or follow us on Twitter @WeAreEnthusiast

About York Angel Investors

York Angel Investors are a group of accredited investors with a broad range of professional experience. Based in Markham, Ontario, the group connects local entrepreneurs seeking early to mid-stage capital. For more information, visit www.yorkangels.com or follow us on Twitter @yorkangels

About Spark Angel Network

The Spark Angel Network's vision is to become "Durham & Northumberland's Angels" for members seeking superior financial returns from innovative, emerging technology firms. For more information, visit www.sparkangels.ca or follow us on Twitter @sparkangels4u

SOURCE Enthusiast Gaming Inc

Image with caption: "Enthusiast Gaming Inc. (CNW Group/Enthusiast Gaming Inc)". Image available at: http://photos.newswire.ca/images/download/20160919_C3111_PHOTO_EN_776422.jpg

For further information: Media Contacts: Menashe Kestenbaum, Chief Executive Officer, menashe@enthusiastgaming.com, 647-860-1515; Eric Bernofsky, Chief Financial Officer, eric@enthusiastgaming.com, 416-505-3090


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