Legend Trade Raises $3.5 Million Seed Round Led by Electric Capital

Legend said the new capital raises total funding above $5 million as its esports trading platform reported more than $80 million in trading volume during three weeks of public testing.

Summary

Legend announced a $3.5 million seed round led by Electric Capital, with Amber Group and GSR participating, bringing total funding to more than $5 million. The company described itself as an esports trading platform and said it generated more than $80 million in trading volume within three weeks of public testing. It plans to use the next phase for product iteration and a Season Zero launch aimed at expanding its user base and market scale.

Terms & Concepts
  • seed round: An early-stage fundraising round used to finance product development, team building, and initial growth.