equity

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:
Source Cluster:
Republished By Plato

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

Post Malone Joins Envy Gaming Ownership Group

Source Node: https://esportsobserver.com/post-malone-envy-ownership-group/
Time Stamp: August 28, 2020 3:26 PM - Modified On: August 28, 2020 - Published By:
Source Cluster:
Republished By Plato

Recording artist Post Malone has acquired an undisclosed equity stake in esports organization Envy Gaming – the parent company behind Dallas Fuel, Dallas Empire, and Team Envy. The deal was brokered by Post Malone’s representation at London Entertainment Group, Electric Feel Entertainment, and United Talent Agency. “I grew up in Texas and I’ve been gaming my whole life, so this just really felt right,” said Post Malone in a release. “I have always wanted to be a part of bringing gaming into the professional sports world so to be involved

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:
Source Cluster:
Republished By Plato

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:
Source Cluster:
Republished By Plato

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

How the Tokenization of the Gaming Industry Empowers Players

Source Node: https://platoblockchain.net/how-the-tokenization-of-the-gaming-industry-empowers-players/
Time Stamp: July 12, 2020 8:00 AM - Modified On: July 12, 2020 - Published By:
Source Cluster:
Republished By Plato

Amid the COVID-19 pandemic, one thing is clear: The video games industry is thriving. As people around the world find themselves with more time on their hands thanks to government-mandated lockdowns and a partial economic shutdown, video game sales have skyrocketed. Despite being overshadowed by some of the more glamorous uses for blockchain technology, the gaming industry may be poised for a generational leap forward with the advent of asset tokenization — a practice that could expose the gaming industry to a whole new wave of investors while simultaneously unlocking

The Pokemon Company Pledges $5 Million To Diversity Nonprofits

Source Node: https://www.gamespot.com/articles/the-pokemon-company-pledges-5-million-to-diversity/1100-6478390/?ftag=CAD-01-10abi2f
Time Stamp: June 12, 2020 4:05 PM - Modified On: June 12, 2020 - Published By:
Source Cluster:
Republished By Plato

The Pokemon Company is donating at least $5 million to nonprofit organizations worldwide in response to the slaying of George Floyd and the protests that followed. The donations will be given with the purpose of improving the lives of children with a focus on "diversity, equity, and inclusion." The donations will be made following Pokemon Go Fest 2020, the company announced in a tweet. Pokemon Go developer Niantic also pledged to donate the proceeds from Go Fest 2020, with a $5 million minimum donation. The Pokemon Company said in a

Kahoot raises $28M for its user-generated educational gaming platform, now valued at $1.4B

Source Node: https://techcrunch.com/2020/06/11/kahoot-raises-28m-for-its-user-generated-educational-gaming-platform-now-valued-at-1-4b/
Time Stamp: June 11, 2020 3:03 PM - Modified On: June 11, 2020 - Published By:
Source Cluster:
Republished By Plato

As schools stay closed and summer camp seems more like a germscape than an escape, students are staying at home for the foreseeable future and have shifted learning to their living rooms. Now, Norwegian educational gaming company Kahoot — the popular platform with 1.3 billion active users and over 100 million games (most created by users themselves) — has raised a new round of funding of $28 million to keep up with demand. The Oslo-based startup, which started to list some of its shares on Oslo’s Merkur Market in October

Activision Blizzard Defends Bobby Kotick’s Salary As Shareholder Calls For Changes To His Pay

Source Node: https://www.gamespot.com/articles/activision-blizzard-defends-bobby-koticks-salary-a/1100-6478021/?ftag=CAD-01-10abi2f
Time Stamp: June 4, 2020 1:16 AM - Modified On: June 4, 2020 - Published By:
Source Cluster:
Republished By Plato

Activision Blizzard CEO Bobby Kotick is one of the highest-paid executives not only in video games, but across the entire entertainment media industry. He made more than $30 million in 2019. One of the company's shareholders, The CtW Investment Group, is now calling on other stakeholders to vote against a measure that gives the company freedom to pay Kotick high rates. [Update: Activision Blizzard has responded with a statement, which you can see below] In a filing with the United States government, The CtW Investment Groups' director Dieter Waizenegger called

Blockchain Gaming Firm Animoca Creates Private Trading Hub for Shareholders

Source Node: https://cointelegraph.com/news/blockchain-gaming-firm-animoca-creates-private-trading-hub-for-shareholders
Time Stamp: April 9, 2020 5:47 AM - Modified On: April 9, 2020 - Published By:
Source Cluster:
Republished By Plato

Following its delisting from the Australian Securities Exchange (ASX) last month, blockchain gaming startup Animoca Brands has engaged an online marketplace to continue private trades of shares in the company.Animoca Brands —  the parent company of TSB Gaming — has made its mark on the blockchain gaming space in recent years by collaborating with big-name firms such as Tetris creator Atari and signing a global licensing agreement with Formula 1.On April 9, Animoca released details of its engagement with PrimaryMarkets, an Australia-based online marketplace for the trading of unlisted securities