Investment & Fund Management

In the case of PvPRO, an eSports company based in Athens, the client faced significant challenges in establishing a secure online platform for gamers to participate in tournaments amidst a rapidly evolving industry. The founder, Stamos Venios, recognized the potential of the eSports market while working in San Francisco and decided to return to Greece to launch his venture. However, he encountered difficulties related to capital controls and economic instability in the region.

To address these challenges, PvPRO secured an equity investment from PJ Tech Catalyst Fund, a venture capital fund supported by the European Investment Fund (EIF). This partnership was crucial as it not only provided the necessary financing but also brought in valuable expertise and connections that were instrumental in the company's growth. Stamos highlighted the importance of having a supportive investor who understood the unique dynamics of the eSports sector, which is often overlooked by traditional funds.

The investment enabled PvPRO to expand its team by hiring 12 additional full-time employees, focusing on developing complex algorithms essential for their platform. This strategic hiring was aimed at combining industry expertise with business acumen, which Stamos deemed indispensable for competing on a global scale. As a result of these efforts, PvPRO has achieved significant recognition, currently ranking as the second-largest eSports platform in the world, and continues to strive for further contributions to the gaming community.