Esports investment report, April 2021: OverActive Media, GRID, Epulze
Aside from Epic Games raising a staggering $1 billion (approx.
Each month, Esports Insider compiles a list of the month’s top investing stories. To read more about a story below, click on the link in the appropriate title.
- 1 Featured Story:
- 2 Epic Games Closes $1 Billion Funding Round Led by Sony
- 3 Tournament platform Epulze secures £4.7million investment
- 4 Esports data platform GRID announces a $10 million funding round
- 5 OverActive Media Announces $40M Investment, Montreal Canadiens Joins Ownership Group
- 6 Generation Esports Closes $10.8 Million Series A Funding Round
- 7 Warner Music Group and Gobi Partners invest in Tier One Entertainment
- 8 ESL and Intel renew long-term partnership, both parties plan to invest US$100 million in esports
- 9 Guinevere Capital unveils new esports facility with Logitech G, Spark and Eden Park
- 10 Esports startup Semper Fortis plans IPO of Aquis
- 11 Astralis Group announces intention to trade in US market
Epic Games Closes $1 Billion Funding Round Led by Sony
American game publisher Epic Games announced the closing of a US$1bn (c.£727m) funding round, taking the company’s equity valuation to US$28.7bn (c.£727m).
Sony Group Corporation led the funding round with a $200 million (~£145.4 million) investment. Other investors are Appaloosa, Bailey Gifford, park west, KKR, AllianceBernstein, altimeter, Franklin Templeton,and capital of Luxor, to name a few.
Tournament platform Epulze secures £4.7million investment
Swedish platform for esports tournaments Epulze secured an investment of SEK 57 million (∼£4.74 million) from its latest funding round.
According to the press release, the participants in the financing round included the Swedish financial group Svea Economy and Norwegian Carucel Finance.
Esports data platform GRID announces a $10 million funding round
Esports data platform NETWORK announced a $10m (~£7.28m) Series A funding round, with NFL player JuJu Smith-Schuster among the investors.
Next to Smith-Schuster ‘industry leader’ behind Alinea Capital, Bumble Ventures, and Pathfinder by Tar Heel Capital participated in the company’s funding round, as well as “leading investors in the gaming, iGaming and tech industries.”
OverActive Media Announces $40M Investment, Montreal Canadiens Joins Ownership Group
Overactive Media, the parent company of MAD Lions, Toronto Ultra and Toronto defiant, announced a second closing of its private placement, with the company raising over $40m (~£29.11m) in total funding.
As a result of the investment, NHL’s Montreal Canadiens has joined the OverActive Media ownership group. Also Arizona Coyotes Phil Kessel and Washington Capitals Karl Hagelin have also become the newest in the company’s ownership group who are professional athletes.
Generation Esports Closes $10.8 Million Series A Funding Round
North American esports organization and competition platform generation esports announced its Series A funding round in April with a total secured amount of US$10.8m (∼£7.83m).
Funds raised will be used to support the organization’s community and student esports initiatives.
Warner Music Group and Gobi Partners invest in Tier One Entertainment
Philippines based esports talent agency Tier One Entertainment announced that venture capital funds Gobi partner and record label Warner Music Group invested in the company.
The strategic investments were made during the company’s pre-Series A funding round. The amount raised during the round was not disclosed.
ESL and Intel renew long-term partnership, both parties plan to invest US$100 million in esports
Esports promoter and production company ESL gaming renewed its long-standing partnership with a North American technology company intel.
According to the press release, both companies will invest over US$100m (~£71.95m) in the sport, up to and including, as part of the renewal, which is set to begin in 2022 IEM Katowice 2025. The investment should bring “further product innovations and improvements for fans and players alike”.
Guinevere Capital unveils new esports facility with Logitech G, Spark and Eden Park
investment company Guinevere capital Partnering with peripherals company Logitech g, telecom company spark, and Eden Park to open an esports facility in New Zealand.
the Spark Esports hub is located in Eden Park, New Zealand’s largest stadium, and features training rooms, a 5G mobile gaming area and a venue for e-sports events.
Esports startup Semper Fortis plans IPO of Aquis
Semper Fortis Esports PLC, an esports startup, announced its intention to go public through the Aquis exchange on 26.04. The company is looking to raise £2.5million to tap into the “fast-growing” competitive gaming market, according to a press release.
Board members include Keith Harris, former chairman of the Football League and founder of Atari Nolan Bushell.
Astralis Group announces intention to trade in US market
Danish sports organization Astralis group announced its intention to trade in the US market through a dual listing on OTCQX Best Market.
According to the press release, due to “growing interest from US investors” in Astralis Group, the organization has applied to be listed on the stock exchange in the country.
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