On March 13, Heroic's board of directors called this extraordinary general meeting, citing a document from January 30 that stated Heroic would require NOK 80 million (roughly $7.5 million) to survive through the end of 2025.
Follow Us
According to Pley company, the Norwegian esports organisation Heroic recently met with potential investors in an effort to raise more cash. On March 13, Heroic’s board of directors called this extraordinary general meeting, citing a document from January 30 that stated Heroic would require NOK 80 million (roughly $7.5 million) to survive through the end of 2025.
However, according to the same document, Heroic must raise at least NOK 10 million (or $930,020) by this summer. According to HLTV’s rankings, Heroic is currently home to the No. 2 CS:GO team in the entire world. What actions Heroic would take if it couldn’t raise enough money in time to keep the organisation and team afloat are not yet known.
The CSGO esports scene can be described as dynamic and ever-changing. The top teams fluctuate month to month, with dynasties and dominant performances moving from competition to competition. There isn’t one team that consistently sits at the top of the table, despite the fact that some teams are undoubtedly “better” than others.
Read More What is VALORANT angle snapping in game, and should you implement it for aiming?
The top CSGO teams will shuffle and shift with each month in 2022, making it difficult to accurately track them. Heroic didn’t turn a profit in 2022, and its 2023 annual report hasn’t yet been released. Joachim Harg, director of finance and investor relations, estimated the loss at NOK 25 million ($2.34 million), as shown in the table below.
August 2016 saw the founding of Heroic, which Omaken Esports acquired in February 2021. Heroic has teams in Sim Racing and Rainbow Six Siege in addition to CS:GO esports. The R6 team rarely achieves the same level of success as the CS:GO team, but they did place top-16 at the Six Invitational in February 2023. In addition to placing second in other significant competitions like the IEM Rio Major in November and the IEM Katowice in February 2023, CadiaN and his team also won the BLAST Premier Fall Final in November 2022.
Heroic, by qualifying for the prestigious IEM Katowice Grand Final, has further established their position as a dominant force in the esports industry. In a two-map series, the Danish team easily defeated Natus Vincere, winning decisively by scores of 16-8 on both Inferno and Mirage. Following their resounding victory at the BLAST Premier Fall Final in November, this is their second appearance in a grand final in as few as three months.
Heroic’s dominating performance against Natus Vincere is evidence of their commitment to the game and teamwork. The Danish team has firmly established themselves as a force to be reckoned with, leaving fans eagerly anticipating their showdown with the victor of Liquid vs G2 in the IEM Katowice Grand Final. This will be their second grand final appearance in three months.
Get the latest from Sportslumo.com by following us on Instagram, Twitter, and YouTube
