Published On: Tue, Dec 22nd, 2020

After lockdowns boost gaming marketplace Eneba, it raises $8M from Practica and InReach

Eneba, a marketplace for gamers that sells games and other products, has lifted an $8 million turn of appropriation from Practica Capital and InReach Ventures. The appropriation is described as a “combination” of a seed and Series A round. Also participating in a appropriation for a Lithuanian startup was FJ Labs and a organisation of angel investors, including Mantas Mikuckas, COO of Vinted. The investment highlights once again a strength of a Baltics segment as a tech ecosystem, after Lithuania constructed a initial Unicorn in a figure of Vinted, and Estonia combined Pipedrive to a unicorns list.

With a augmenting change to digital party during a pandemic, a startup has managed to hoard most some-more U.S. traffic. Launched in 2018 by dual Lithuanian propagandize friends, Vytis Uogintas and Žygimantas Mikšta, Eneba says it has captivated 26 million singular users since of a confidence features, “one-click to buy” gamer knowledge and fingerprinting technology. The site also optimizes a localized gaming practice to uncover locally trending gaming products. Eneba’s height is designed to revoke unsure transactions, facilitate a refunding routine and understanding with rascal threats.

Co-founder and CMO Žygimantas Mikšta said: “We had a lot of new users entrance to Eneba during these capricious times. While it was intensely gratifying to see a numbers augmenting tenfold, there was a plea to accommodate a demand. To improved simulate a user numbers, we had to fast enhance a group to 130.”

Security has risen adult a bulletin in online gaming as practical products and services connected to games can be rarely receptive to rascal or theft. Although it competes with outlets like Amazon, eBay and retailers like GameStop and Game.co.uk, Eneba thinks it has found a better, tailored online pre/post-buying knowledge for gamers, while addressing a risk problems for sellers and buyers in a gaming world.

Donatas Keras, partner during Practica Capital said: “We are anxious to be subsidy Vytis and Žygimantas. We’ve been tender by their ability to govern during such speed as their association fast scales, and to expostulate an implausible product with a singular value tender for gamers.”

Co-founder of InReach Ventures, Roberto Bonanzinga, said: “In Europe we have a tradition of building successful companies in a gaming space. We are really vehement to have detected Eneba interjection to a AI height when a association was different and underneath a radar. We have been intensely tender by what a founders have been means to build in such a brief volume of time.”

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