Rooter plans to use the funds to scale its content creator ecosystem and build out its marketplace. Here are the top-line bullets you need to know.
Rooter, a game streaming and e-sports platform, has raised $25M in Series A funding from Goal Ventures, Lightbox Ventures, and 9Unicorns, among others. It also facilitated a secondary sale for a few shareholders and an exit route for some employees via ESOP buyback.
HOW’S THE COMPANY PERFORMING?
- India-based Rooter has created a game streaming community and organizes e-sports events.
- The company currently has 8.5M monthly active users, and it has witnessed more than 30M downloads to date.
- Around 1M unique users create gaming profiles on its platform every month.
- Rooter covers top-ranking games like Valorant, Call of Duty, BGMI, and Free Fire.
- The company’s ARR hit $2.4M in 2021, and it expects to reach $12–15M in ARR in 2022.
WHY DOES THE MARKET MATTER?
- The global e-sports and game streaming industry was valued at $2.1B in 2021, and it is expected to reach a value of $3.5B by 2025, according to Juniper Research.
- The increasing adoption of competitive video games and the professionalization of the space have contributed to market growth.
- The advent of Web 3.0 technologies, like NFTs, and an increased focus on the metaverse are key market drivers as well.