capital

ReKTGlobal Avoided Focusing on One Thing in Order to Become Who They Are Today

Source Node: https://esportsobserver.com/rektglobal-founders-september-2020/
Time Stamp: September 5, 2020 8:00 AM - Modified On: September 5, 2020 - Published By:
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In a world where investing in the esports space is still an uncertainty, putting a spotlight on those that have thrived after suffering early struggles can help lead the way for others–and ReKTGlobal has done exactly that. Founded in 2016 by Amish Shah and Dave Bialek, the esports conglomerate has found success both in the esports competitive scene along with its B2B and B2C arms. ReKTGlobal owns Rogue, which has teams competing in the League of Legends European Championship (LEC), Rocket League, Rainbow Six: Siege, and more. The company also

GamerzClass Secures $1M Financing, Refreshes Board of Directors

Source Node: https://esportsobserver.com/gamerzclass-secures-1m-financing/
Time Stamp: September 4, 2020 8:07 AM - Modified On: September 4, 2020 - Published By:
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Danish educational esports platform GamerzClass raised a $1M USD financing round led by Copenhagen-based venture capital fund Bumble Ventures. As part of the investment, the company also refreshed its board of directors and presented a new strategy. Further investors in the financing round included London-based firm TrueSight Ventures, the danish growth fund Vækstfonden (which is also an investor in esports tournament organizer BLAST), former general partner at Index Ventures Ben Holmes, Christian Legêne, and former deputy director of TDC Group Kathrine Stampe Anderson, who also joins GamerzClass’ board of directors.

Opinion: ESL One Rio Major May Still Happen in 2020, But Does it Make Sense?

Source Node: https://esportsobserver.com/opinion-should-rio-major-happen/
Time Stamp: September 3, 2020 9:04 AM - Modified On: September 3, 2020 - Published By:
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Initially scheduled to take place in May, the Counter-Strike: Global Offensive (CS:GO) tournament ESL One Rio Major 2020 was postponed in March to November after the COVID-19 outbreak, which has affected Brazil in a dramatic way with 120,000 deaths and a designation by the World Health Organization (WHO) as an epicenter of the pandemic since May. Almost six months after the postponement, the situation in Brazil is still not under control yet. Hundreds of Brazilians die every day, while the world still doesn’t have a vaccine fully approved by international

EsportsLAB Raises $1.08M to Accelerate Esports Performance Analytics Software Development

Source Node: https://esportsobserver.com/esportslab-raises-1-08m-sept2020/
Time Stamp: September 2, 2020 10:37 AM - Modified On: September 2, 2020 - Published By:
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Polish esports performance analytics startup EsportsLAB raised a zł4M PLN ($1.08M USD) investment from the zł50M ($13.45M) Satus Starter venture capital fund. Satus Starter is primarily funded by the European Union, which contributed zł40M ($10.76M) or 80% to the fund size. EsportsLAB, which is the fund’s third investment, plans to use the investment proceeds to accelerate the development of its performance analytics software and increase the scale of marketing activities. The machine learning-based solutions EsportsLAB is developing in cooperation with several universities to cover training of game-dependent techniques, monitoring dietary

August Investment Recap: Fortnite Billions, BITKRAFTS $165M Venture Fund, and New Capital for Esports Organizations

Source Node: https://esportsobserver.com/august-2020-investment-recap/
Time Stamp: September 2, 2020 7:58 AM - Modified On: September 2, 2020 - Published By:
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August was a record month for esports investments. The Esports Observer tracked 16 investments raised by esports-relevant companies during the month. Disclosed investments accumulated to $2.78B USD, which is more than all seven previous months of 2020 combined, bringing the total sum of disclosed investments in 2020 to $4.34B.  The news of esports-relevant investments was headlined by the $1.78B financing round raised by Fornite developer Epic Games and the closing of BITKRAFT’s new venture fund at $165M. Financial terms were not disclosed for all deals highlighted in this article. Epic

Update: Huya and DouYu form Special Committees to Evaluate Tencent’s Merger Proposal

Source Node: https://esportsobserver.com/tencent-douyu-huya-merger/
Time Stamp: August 17, 2020 12:00 PM - Modified On: August 17, 2020 - Published By:
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Update: The boards of directors of Huya and DouYu formed special committees to review and evaluate Tencent’s proposed stock-for-stock merger of the two Chinese live-streaming platforms. DouYu’s special committee consists of independent directors Zhaoming Chen, Xi Cao, Xuehai Wang, and Zhi Yan. The committee has retained Morgan Stanley Asia as its financial advisor and Davis Polk & Wardwell LLP as its U.S. legal counsel in connection with its review and evaluation of the proposed business combination. Huya’s special committee includes independent directors Hongqiang Zhao and Tsang Wah Kwong. The committee

Epic Games Raises a $1.8B Funding at a Post-Money Equity Valuation of $17.3B

Source Node: https://esportsobserver.com/epic-games-1-78b-funding-round/
Time Stamp: August 6, 2020 11:21 AM - Modified On: August 6, 2020 - Published By:
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Fortnite developer Epic Games announced a $1.78B USD corporate venture round consisting of primary capital and secondary purchases from employee equity holders. The investment puts the company’s post-money equity valuation at $17.3B, up roughly 15% compared to its $15B valuation in 2018 when Epic Games raised a $1.25B round. The funding round includes a $250M strategic investment made by Sony Corporation in July. Participants in the investment round included UK investment management firm Baillie Gifford (roughly $250B under management), funds and accounts managed by BlackRock (roughly $7.4T under management), Fidelity

Infinite Fleet Raises $3.1 Million in Oversubscribed Round Led by…

Source Node: https://www.prweb.com/releases/infinite_fleet_raises_3_1_million_in_oversubscribed_round_led_by_bitcoin_industry_leaders/prweb17299952.htm
Time Stamp: August 5, 2020 8:00 PM - Modified On: October 29, 2021 - Published By:
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HONG KONG (PRWEB) August 06, 2020 Infinite Fleet, the revolutionary sci-fi massively multiplayer online (MMO) strategy game created by Blockstream CSO and Pixelmatic CEO Samson Mow has completed a funding round totaling $3.1 million through a private security token offering (STO). Infinite Fleet is an online strategy game in which thousands of players command fleets of customizable spaceships and play cooperatively to fend off an alien threat, leaving their legacy in the game’s lore via its unique directed narrative feature. The game draws inspiration from space real-time strategy (RTS) and

Innovecs Announces Media Partnership with Emerging Europe

Source Node: https://www.prweb.com/releases/innovecs_announces_media_partnership_with_emerging_europe/prweb17290731.htm
Time Stamp: July 29, 2020 8:00 PM - Modified On: October 29, 2021 - Published By:
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CEO Night | Media Partnership Announcement Innovecs upgrades the CEO Night format and partners with Emerging Europe to keep up with sector-leading companies and share the insights of their leaders. NEW YORK (PRWEB) July 30, 2020 CEO Night is a series of online thematic discussions with CEOs and senior executives of Ukrainian and international businesses, produced by InnoHub platform & multimedia studio. Speakers discuss ways to develop companies and technology, current global trends, and share success stories. “At Innovecs, we always strive to be on the edge of digital transformation.