Social gaming and livestreaming platform Eloelo introduced as we speak that it has raised $22 million in its pre-Sequence B spherical of fundraising. Based on the platform’s creators, this funding will go in the direction of attracting and constructing relationships with expertise, constructing out AI and AR instruments and strengthening income initiatives for customers.

Courtside Ventures and Griffin Gaming Companions led the spherical, with participation from Mixi Inc, Waterbridge Ventures, Lumikai Fund, Kalaari Capital, Convivialite Ventures and Rocket Capital. Nick Tuosto, Griffin’s managing director, mentioned of Eloelo: “By the magic of gamification, Eloelo is reworking livestreams into charming experiences that translate to deep viewers engagement. The platform has attracted an unlimited group of content material creators, driving its progress to just about 40 million customers — a hanging testomony to the potential forward for Eloelo.”

Eloelo already raised $13 million in its Sequence A fundraising spherical in June 2022. Based on the corporate, the platform has over 37 million customers and 120,000 creators at current.

Saurabh Pandey, Eloelo’s CEO and founder, mentioned in an announcement, “Eloelo needs to be a ‘occasion in your
pocket,’ the place customers aren’t simply watching a livestream however are a part of the expertise. We’re pioneering a brand new class of Dwell Leisure + Video games + Communities – virtually like a ‘Digital Third Place’ the place younger Indians are at all times linked. We’re India’s largest Dwell Leisure app rising at over 400% YoY. This fundraise in such a testing macro surroundings additional enforces the assumption our buyers have in our imaginative and prescient.”