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Tempo Storm raises $3.3 million

Esports team will use latest funding to expand into blockchain game development and livestreamed entertainment

Tempo Storm believes it has potential to expand beyond being a traditional esports team, and has found some deep-pocketed backers who agree.

The organization today announced that it has raised $3.3 million in funding "to push further into interactive, immersive media, as well as game design, transforming Tempo Storm into something unlike anything else in esports-or in video games as a whole."

The funding was led by Galaxy Interactive through its Galaxy EOS Fund, which invests in projects using the EOS.IO blockchain protocol.

"While Tempo is well-known in the competitive gaming world, we've always operated more as a media company than a sports team," Tempo Storm founder and CEO Andrey Yanyuk said. "We believe that interactivity is the future of entertainment, and we're incredibly grateful to be working with investors who share that vision. Our upcoming game and audience-driven shows are blazing the trail in the world of interactive media, and it's exciting to see that future being realized."

Tempo Storm's first game, The Bazaar, will be a deck-building card game. The organization is also working on Game Changers, a livestreamed travel show where viewers influence what happens on the screen.

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Brendan Sinclair

Managing Editor

Brendan joined in 2012. Based in Toronto, Ontario, he was previously senior news editor at GameSpot in the US.