Gaming platform Mobile Premier League (MPL) has reportedly raised $100 Mn in a recent funding round, which has taken the company’s valuation to around $800 Mn.
The recent funding round comes days after MPL had announced that it had raised $500K from its existing employees, as part of what the company claimed was a unique employee investment plan.
The investment plan was first announced by the company in December last year and was open to all employees of the two-year-old startup. Employees could invest anywhere between $2,300 and $23,000 in the company and acquire stock. Over 10% of MPL employees participated in this plan, with the total amount raised at $500,000.