funding round

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

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

Moss Developer Polyarc Secures $9M Series B Funding For AR Game Development

Source Node: https://uploadvr.com/moss-developer-polyarc-9m-funding-ar-games/
Time Stamp: July 29, 2020 5:01 AM - Modified On: July 29, 2020 - Published By:
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Today the developers of Moss, Polyarc, announced a $9 million Series B venture funding round led by Hiro Capital to expand into AR game development. Even still, the developer tells us they’re still committed to making a sequel to Moss. [embedded content] Anyone that has spent any time inside a VR headset and browsed any of the major storefronts from Oculus Home and Steam to the PSN store have likely seen Quill, the main character from Polyarc’s Moss advertised somewhere. She’s cute, charming, and full of character despite never speaking

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:
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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