As the esports industry continues to grow, so does the interest in owning a piece of the pie. Celebrities and venture capitalists are investing millions of pounds, companies are merging together to consolidate, and acquisitions are becoming pretty common, too.
To make things easier, Esports Insider has brought together the major investments, mergers, and acquisitions of December 2019.
Infofed secures funding from Japanese media GameWith
Thailand-based esports startup Infofed secured pre-Series A funding from Japanese gaming media GameWith.
The undisclosed amount of funding will go towards Infofed’s expansion into the Southeast Asian esports market.
Read the full article here.
New Wave Esports to acquire Even Matchup Gaming
Esports investment company New Wave Esports entered a definitive share purchase agreement with event production company Even Matchup Gaming.
New Wave Esports currently holds an 18 percent stake in Even Matchup Gaming, this agreement will see it acquire all of the remaining shares, issued and outstanding, for $1.23 million (GBP950,000).
Read the full article here.
Kokyo secures $1 million seed investment
PatronGG has secured a $1 million (GBP761,000) seed investment for its fan engagement platform Kokyo.
The raised capital will be used to help Kokyo expand into new titles and enrich its match data. The round was led by esports investment firm BITKRAFT Esports Ventures with participation from Trust Esport.
Read the full article here.
G2 Esports receives $10 million investment from Joseph Tsai
Berlin-based organisation G2 Esports received investment from Joseph Tsai, Owner of Brooklyn Nets and Co-founder of Alibaba Group.
The Canadian billionaire made a $10 million (GBP7.6 million) investment in the organisation and will see it build an office in New York City.
Read the full article here.
ReKTGlobal welcomes investment from Taylor Fritz
ReKTGlobal, the parent company of Rogue and London Royal Ravens, received investment from tennis player Taylor Fritz.
The amount that the 22-year-old American athlete invested in the company was not disclosed, much like previous investments made in ReKTGlobal from other celebrities and athletes.
Read the full article here.
Game.tv raises $25 million in Series A funding round
AI-powered esports tournament platform Game.tv raised $25 million (GBP19.1 million) in its Series A funding round by Intel Capital.
The funding coincides with Game.tv launching of Tourney, an esports tournament web application that enables players to create and operate mobile gaming tournaments through Discord.
Read the full article here.
Deutsche Telekom acquires stake in SK Gaming
Mobile communications provider Deutsche Telekom acquired a 25 percent stake in German organisation SK Gaming.
This deal is the successful outcome of negotiations that started in June 2018 when Deutsche Telekom became a partner of SK Gaming. The organisation is also partly-owned by FC Koln, Mercedes-Benz, and Alexander T. Muller.
Read the full article here.
Andbox receives investment from Michael B. Jordan
Andbox, the ownership group behind New York Excelsior and New York Subliners, received investment from Michael B. Jordan.
The figure wasn’t disclosed, but Jordan explained the decision: “I’m from Newark, New Jersey, but I grew up in Manhattan. With Andbox, I felt like they really cared about New Yorkers and being authentic to the city.”
Read the full article here.
CORSAIR agrees to acquire Scuf Gaming
Hardware and peripheral company CORSAIR agreed to acquire Scuf Gaming and its patent portfolio before 2020.
Scuf Gaming will remain its own separate brand and continue to operate out of its Atlanta headquarters.
Read the full article here.