Summary List Placement
Edge, the esports payment platform, simply raised $1.5 million in a seed funding round backed by Green Egg Ventures and previous Mastercard executive Robert Reeg..
Founded in 2018 by previous sports legal representative Adam Whyte, gaming market veteran David Yarnton, and 17- year-old coding whiz kid Scott Hiett, Edge’s platform is developed to enhance the agreements, payments, and logistics involved in running esports competitions..
As formerly covered by the Washington Post, the esports market is awash with doubtful contracts and shady numbers. Edge is wanting to bring an end to that by formalizing the process and improving transparency among players and sponsors..
Teenager cofounder Hiett, who helped start Edge when he was 15, is still in school following a series of “trade negotiations” with his school. These led to him being allowed to study one A-level certification (students in the UK typically take in between 3 and 4) in Maths while he concentrates on business..
” My family’s exceptionally helpful, and I would not be where I am today without them,” Hiett informed Service Insider. “I have actually been setting as long as I can remember … We literally have pictures of me as a kid, sitting with an ice cream tub, and I have actually doodled ‘computer’ on the cover.”.
CEO Whyte, who has represented big-name clubs such as Manchester City and Sevilla FC, has plenty of praise for his young cofounder: “There are a great deal of gifted developers out there, but Scott is really unique. He’s doing board conferences and hosting day-to-day stand-ups while doing his A-levels. It’s so excellent.”.
Service Insider got an exclusive look at the pitch deck Edge used to raise $1.5 million in funding. Inspect it out below:.