French esports data startup PandaScore has secured €5M in a Series A funding round. 

The company, which specialises in artificial intelligence-driven statistics and odds data, attracted investment from French VC firm Serena, aXiomatic Gaming (owner of Team Liquid), Alven, and KB Partners. 

PandaScore, which previously raised $2.8M in a July 2017 seed round led by Alven, says it will use its latest funding to grow its team and expand its data services to cover more games.

Commenting on the round Founder and CEO of PandaScore, Flavien Guillocheau, said:

“Esports’ explosive growth is dependent on better data. Better data lets media companies broadcast more engaging content, bookmakers offer better esports products, and teams and tournaments capture more lucrative sponsoring money. Data is the fuel that powers the esports community and we’re proud to be supplying that fuel.”

While Principal at Serena, Olivier Martret, added:

“The COVID-19 pandemic highlighted a significant lack of resilience among traditional bookmakers, who really need to increase their agility. And this is where Pandascore can help. 

“At Serena, we are convinced that PandaScore’s tech is a key asset both for traditional bookmakers, enabling them to gain new market shares, and for newcomers in the bookmaker industry, offering them an unfair advantage to provide efficient and reliable services.”

Pandascore is based in Paris and also runs an office in Malta. The company’s current clients include BetCris, Pixel.bet, Sleeper, Strafe, and Top Esports. 

AYO.NEWS says:

With bookies everywhere falling over themselves to improve their esports offering, we’re sure PandaScore will put this latest investment to good use!

‘AYO.NEWS says’ features the opinion of the author and does not necessarily reflect the views of Pentagon Digital Limited or its affiliates or associates. 

All original content featured on this site is © Pentagon Digital Limited, 2020