Australian developer iCandy receives $1 million investment from

Australian developer iCandy receives $1 million investment from

Blockchain and esports website is investing $1 million into Australian developer iCandy Interactive. has agreed to invest the sum exchange for 16.5 million newly issued ordinary shares.

Under the term sheet, payments from will take place over five equal tranches of $200,000, with the first tranche payable within seven days of signing the deal.

By the end of the transaction, will own 19.5 per cent of iCandy.

Partner up

Thanks to the investment, the blockchain and esport firms' products and services will be promoted through the iCandy gamer network, which currently exceeds 23 million gamers. will appoint one director onto the iCandy board to facilitate a closer collaboration between the businesses.

This story was originally published on our sister-site

Staff Writer

Natalie Clayton is an Edinburgh-based freelance writer and game developer. Besides PCGamesInsider and, she's written across the games media landscape and was named in the 2018 100 Rising Star list.


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