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 June 2020, including $10.6 million (GBP8.5 million) in disclosed funding.
Luckbox raises $3.8M CAD ahead of public listing
Esports betting platform Luckbox secured over $3.8 million CAD (GBP2.23 million) in investment during the first tranche of its latest funding round.
Later in the month, it raised an additional $627,650 CAD (GBP371,217) in investment, taking the total amount currently secured to $4.5 million CAD (GBP2.66 million).
Read the full article here.
Replai raises $1.3M in seed funding round
Portuguese esports startup Replai secured an investment of $1.3 million (GBP1.05 million) in its seed funding round.
The funding was led by Bright Pixel with contribution from Ideias Glaciares and Clever Advertising.
Read the full article here.
PlayBrain closes $6 million Series A funding round
Japanese esports event organiser PlayBrain announced a $6 million (GBP4.8 million) Series A financing round.
The round included return investor BITKRAFT Esports Ventures and brings PlayBrain’s total funding since launch to $8 million (GBP6.5 million). BITKRAFT’s investment amount was not disclosed.
Read the full article here.
Guild Esports launches with David Beckham as co-owner
Guild Esports, a talent development company that counts David Beckham as a co-owner, announced its global launch.
Beckham, via DB Ventures, and Blue Star Capital have contributed towards a funding round by Guild Esports that’s targeting GBP25 million, with the latter investing GBP480,000 at 6p per share to maintain its 11.7 percent stake.
Read the full article here.
FaZe Clan shakes things up with CTRL investment
Meal replacement company CTRL received undisclosed investment from North American organisation and entertainment brand FaZe Clan.
As part of its ownership in CTRL, FaZe Clan will “put its marketing prowess” to work, advertising the brand to its fan base across social media. As well as having its branding on CTRL’s packaging for the foreseeable future, members of the organisation will receive their own flavours of the meal replacement shake.
Read the full article here.
eUnited set to be acquired by Backstageplay
North American organisation eUnited entered into a merger agreement with Backstageplay Inc. on June 16th.
Should the agreement come into fruition, Backstageplay would operate eUnited as normal while utilising its pre-existing software and intellectual property to expand the organisation.
Read the full article here.
beastcoast selected for Techstars sports accelerator program
Seed-stage startup accelerator Techstars announced that North American organisation beastcoast will participate in its 2020 sports technology program.
The organisation is to receive additional capital for growth alongside mentoring from sports executives, and it will be granted access to business development resources in an effort to help the organisation expand.
Read the full article here.