Leeds' Dubit Raises $8M for Esport League
A Leeds-based video game studio has raised £5.9million to launch a live esports league in the metaverse.
05:51 19 November 2021
Dubit has successfully raised £5.9million in a funding round led by Metaventures and French investor Jean-Charles Capelli. The new funding will be used to launch a live esports league on the Roblox platform.
The Leeds-based video game studio, which has partnered with Lego, Facebook and Disney for the project, currently employs 100 people across offices in Australia, the UK and US. It plans to expand its existing metaverse activity as well as create consumer lifestyle experiences such as concerts and fashion shows for the metaverse.
Dubit co-founder Matthew Warneford said: "We're delighted to be working with Jean-Charles Capelli to pioneer new ways in which brands can enter the metaverse, such as through our Metaverse Gaming League.
"The investment will also allow us to create massively interactive live events in music and fashion that brands can partner with. It's an exciting time for Dubit, putting all of our experience and expertise to work in the metaverse."
Jean-Charles Capelli, of Metaventures, added: "Dubit is in the perfect position to take advantage of the new opportunities in the metaverse. No other company has 20 years' experience in developing and launching virtual worlds, combined with a great network of brands and organisations that it works with around the world.
"As an entrepreneur and musician, I'm proud to invest in Dubit, and I'm excited to help scale up the incredible experiences it creates for users of Roblox and other metaverses."