SUNDAY, 18 AUG 2019



Facebook Linked In Twitter

Prodromou: Greek Cypriot Side Ready for Preparatory Process Proposed by UNSG

Georgiades: Cyprus Economy Growth Remains Strong



brought to you by Barclays

Cyprus-Based eSports Training Platform Learn2Play Reaches 1 Million Users in Less Than a Year

Cyprus-Based eSports Training Platform Learn2Play Reaches 1 Million Users in Less Than a Year

eSports startup Learn2Play helps competitive gamers develop their skills using AI and machine learning, through online training schools for popular games including League of Legends and Dota 2. After less than a year of operations, the Cyprus-based startup has now reached 1 million active users – reflecting the explosive growth of the eSports market.

According to EU-Startups, Learn2Play closed its first seed round earlier in 2018, raising €1.8 million from RTP Global, Buran Venture Capital and, allowing the team to quickly develop its product. The company is also supported by Microsoft, which has provided Learn2play with expertise, consultation, and cloud resources.

Other learning companies exist in the rapidly growing eSports market, but Learn2Play is the only offering a range of features, including in-game quests, meta statistical data, video lessons, tournaments and post-match analysis. Learn2Play’s users are signed up to either one of its two learning platforms dedicated to Dota 2 and League of Legends. The company operates a freemium model, and is supported by its own marketing agency services for brands looking to advertise within its platforms and events.

There are an estimated 1 billion gamers playing games in the competitive category, having spent over $12 billion in 2017. In 2019 Learn2Play plans to invest in new products to cover three additional games, Fortnite Battle Royale, Counter Strike GO and Clash Royale.

“Video games have become more social and competitive. The prize money in tournaments has surpassed $200 million in 2018. Combined with complexity of competitive games, that creates a demand for learning services that will help gamers to improve faster,” explains Learn2Play Founder and CEO, Maxim Dreval. “We develop our products to deliver a holistic solution. We want the platform to help provide fast improvement to the players, but we also want to build an ecosystem in which gamers feel like they are a part of the eSports environment.”




Moody’s Confirms RCB Bank’s Ratings in Periodic Review

Moody’s Investors Service has completed a periodic review of ratings of the three ...

Grant Thornton Sponsors Cyprus Blockchain Summit

Grant Thornton Cyprus, a professional services firm, sponsored the first Blockchain ...

The International School of Paphos Goes to Epidaurus

The ISOP’s Greek theatre group – that won third prize at the 30th Pancyprian ...



Spotify to Test Price Rises in Nordic Region

Spotify is apparently going to test out raising its prices in Sweden, Norway and Denmark. Sources have told Bloomberg that the music streaming ...

Preliminary Data Show Increased Fiscal Surplus during the 2nd Quarter

The general government’s fiscal surplus increased to €215,4 mn in the second quarter of the year compared with a surplus of €106,0 mn in the ...

Huawei Gets Caught up in China Territory Controversy

China's Huawei, the tech giant under scrutiny for its alleged links to the Chinese government, has become caught up in a controversy surrounding the ...

Industrial Production Down by 1.6% in Euro Area

In June 2019 compared with May 2019, seasonally adjusted industrial production fell by 1.6% in the euro area (EA19) and by 1.5% in the EU28, according to ...

GDP and Employment Both up by 0.2% in the Euro Area

Seasonally adjusted GDP rose by 0.2% in both the euro area (EA19) and in the EU28 during the second quarter of 2019, compared with the previous quarter, ...

Georgiades: Cyprus Economy Growth Remains Strong

The growth of the Cyprus economy remains strong, said Finance Minister Harris Georgiades, noting however that there are still weaknesses and risks both inland ...

Prodromou: Greek Cypriot Side Ready for Preparatory Process Proposed by UNSG

Following the recent meeting of the President of the Republic Nicos Anastasiades with the Turkish Cypriot leader Mustafa Akinci, the Greek Cypriot side is ...

Strategy& Study: Changes within the Healthcare Sector

The entry of digital technologies in the healthcare sector creates enormous financial potential for the biopharma industry. However, it also creates major ...