G-Loot has completed a private placement of shares raising proceeds of approximately SEK 230 million. The proceeds are intended to be used to increase the pace of the company's offering of competitions with prize pools for PC and Mobile games to more players around the world.
G-Loot offers an online platform delivering competitive gaming experiences on both PC and Mobile. Through the platform, players of different game titles can bet money on themselves while playing their favorite games.
Carnegie Investment Bank acted as financial advisor and Baker McKenzie acted as legal advisor in connection with the capital raise. Baker McKenzie's team consisted mainly of Joakim Falkner, Per Blom, Ian Gulam and Olof Larsson.