GGIntel, an esports publication headquartered in Manchester, received additional investment from Fred Done, the current CEO and co-founder of the UK-based retail bookmaker Betfred. As of writing, the amount of the said investment was not disclosed.
Launched in December 2019, the publication aims to be the leading esports publisher in the world while covering content for esports fans.
With an expected compound annual growth rate of 9% and a global audience of 454 million in 2019, the esports market is expected to increase to 646 million in 2023. In the past year, esports revenues already surpassed $1 billion, making it a viable market for investors.