Dear Angels and Friends,
York Angel Investors is excited to announce the closing of Enthusiast Gaming!
September 15, 2016 – Markham, Ontario, CANADA
Today, York Angel Investors Inc. (YAI), is proud to announce an investment in the amount of $ CDN 542,500.00 with Enthusiast Gaming Inc. of Toronto, Ontario. This investment was done in collaboration with Spark Angels.
“York Angels was very excited to invest in Enthusiast Gaming. This is a promising and energetic company,” said Jess Joss, Executive Director of York Angels Inc. “The company founder, Menashe Kestenbaum, has successfully built the company to an impressive level, and now we are looking forward to working with them as they accelerate the company’s already positive growth. We would also like to thank our industry colleagues at ventureLAB for helping us with the due diligence sessions through their Genesis program.”
Mike Betts, Executive in Residence of VentureLAB says “Menashe is a fantastic young entrepreneur and Enthusiast Gaming is a great rapidly growing business that we are really proud to be supporting through our Genesis program at ventureLAB.” Betts also stated “We’re also grateful for the ongoing partnership of purpose we maintain with the York Angels as we work together to cultivate the next generation of growth companies in the region and beyond”
The lead Angel for York Angel Investors also had this to say about the deal. “We are delighted to be partners in Enthusiast Gaming. The significant investment from the York and Spark Angels in this new and exciting industry is a testament to our confidence in the entrepreneurs who started the business” says Rudy Joss. “Joining the board are Bryan Watson and Jason Nagy. Both angels have a background in the industry and will work with Menashe, Meir, Eric and the rest of the management team to grow a prosperous enterprise. Again congratulations to all … and special thanks to the legal team for the fine work.” York Angels was represented by the multinational law firm, Dentons.
Menashe Kestenbaum, CEO of Enthusiast Gaming is also very excited about the deal being finalized. “In our company culture at Enthusiast Gaming, we’ve tried to foster an enthusiasm in the work we do every day. Our staff have a common energy and passion in their efforts to help the company grow ” says Kestenbaum. “When speaking with the individual members in the York Angels group, I quickly realized they have that same common denominator: they are all excited by the young innovative companies coming to market and are enthusiastic about helping them grow. The world needs more organizations like these. We’re delighted to have the York Angels and Spark Angels as shareholders of Enthusiast Gaming.”
Menashe Kestenbaum / CEO
email@example.com / 6478601515
About Enthusiast Gaming Inc: Enthusiast Gaming is the culmination of what the gaming world has to offer, both online and offline. Its grassroots as an enthusiast lead community brought upon the creation of the first few enthusiast websites, Nintendo Enthusiast, Gaming Enthusiast, PlayStation Enthusiast, Xbox Enthusiast and later TV and Film Enthusiast recently in 2015. Earlier in 2016, Enthusiast launched, “enthusiast.gg”, the world’s first social media platform dedicated exclusively to gamers. As a growing network of both internally and externally managed digital properties, Enthusiast has provided approachable content with a certain readable nature that is generated by the gamer, for the gamer. Most recently, Enthusiast has added to its collection a series of websites that align with this readable nature, and in turn, embracing it to create an online community with gamers across the world. Enthusiast Gaming operates a live network of gaming events, competitions, markets, and gatherings within the local communities it was created in.
About Spark Angel Durham & Northumberland’s Angel Investor Network: Spark Angel Network is a group of individual investors whose aim is to build economic growth and sustainability within Durham and Northumberland. As successful individuals, the members have come together to provide private equity investment to early-stage technology and innovative businesses.
About York Angel Investors: The York Angels are a group of accredited investors with a broad range of professional experience. Their individual and group focus is to create a return on investment for themselves and the businesses with which they work. Their involvement provides entrepreneurs with funding, and very importantly, advisors who counsel portfolio companies and their entrepreneurs, based on experience gained through their own successes in expediting and managing growth.
YAI’s portfolio companies benefit from our member expertise in information and communications technology, internet, online applications, enterprise and SaaS software, retail, alternative energy, healthcare and life sciences. This collaborative mentorship approach and strategic financing supports entrepreneurs through various stages of early growth. These critical investments often represent the bridge between the self-financed or seed stage and the venture capital and/or private equity level of funding.