On July 14, Mediarex Sports & Entertainment (MSE) the parent company of the Global Poker Index announced they raised $4.9 million in Series A funding from private investors.
"[MSE] secured $4.9 million in Series A funding from a round of private investors including a first-tier private equity fund in Beijing, and angel investors from telecom, sports marketing, and financial sectors in Asia and Europe in its bid to Sportify Poker," the company stated in a note sent to the media on Tuesday.
"The investment will enable MSE to lay down the framework to develop the sport of poker by aggregating the game's currently fragmented audience which includes more than 100 million people around the world.