investment round

Coinweb has closed $2M fundraising round from Sava Investment Management.

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Time Stamp: April 3, 2023 12:56 PM - Modified On: April 3, 2023 - Published By:
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Coinweb, a layer two cross-chain computation platform, has been in development since 2017. Some of the founders, early contributors, and previous team members who are no longer actively involved in the project have agreed to sell their holdings. Hong Kong, 5th April 2023 -SAVA Investment Management, a licensed fund manager registered in the Cayman Islands and British Virgin Islands, has partnered with Coinweb to buy back 6% of the total supply of CWEB tokens. Johan Ditz Lemche, Managing Director of SAVA Investment Management, said “We are delighted to support and

DeFi Land Completes $4.1M Round to Launch Gamified Decentralized Finance Game on Solana

Source Node: https://www.crowdfundinsider.com/2021/09/180109-defi-land-completes-4-1m-round-to-launch-gamified-decentralized-finance-game-on-solana/
Time Stamp: September 9, 2021 9:00 AM - Modified On: September 9, 2021 - Published By:
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Gamified decentralized finance platform DeFi Land has finalized its initial round of investing valued at $4.1 million, according to an update shared with Crowdfund Insider. Several investors have allocated funds to this initiative, the announcement revealed. The concept of gamifying investment action could potentially make DeFi a lot appealing and more accessible to a wider range of users. As stated in the release, DeFi Land is a multi-chain agriculture simulation web game developed to offer decentralized finance solutions to mainstream consumers. The platform aims to gamify various aspects of traditional

Tribe Gaming renews G FUEL partnership

Source Node: https://esportsinsider.com/2021/04/tribe-gaming-renews-g-fuel-partnership/?utm_source=rss&utm_medium=rss&utm_campaign=tribe-gaming-renews-g-fuel-partnership
Time Stamp: April 14, 2021 9:00 AM - Modified On: April 14, 2021 - Published By:
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Mobile esports organisation Tribe Gaming has renewed its partnership with energy drink brand G FUEL. As Tribe Gaming’s official energy drink partner, G FUEL will collaborate with the esports organisation on a range of activations. This includes producing custom content and developing a ‘G FUEL-branded weekly schedule’ for Tribe Gaming, whilst also elevating mobile esports competitions. Image credit: Tribe Gaming RELATED: Tribe Gaming announces Razer as peripherals partnerFinancial details and the length of the renewal have not been revealed. Tribe Gaming first partnered with G FUEL in July 2020 and

Epic Games Closes $1B Financing Round, Sony Increases Investment to $450M 

Source Node: https://esportsobserver.com/epic-closes-1b-financing/?utm_source=rss&utm_medium=rss&utm_campaign=epic-closes-1b-financing
Time Stamp: April 13, 2021 11:46 AM - Modified On: April 13, 2021 - Published By:
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Fortnite developer Epic Games announced that it has completed a $1B USD financing round bringing the company’s equity valuation to $28.7B. Its latest investment round includes an additional $200M strategic investment from Sony Group Corporation. Following the financing round, Epic Games’ CEO Tim Sweeney remains the controlling shareholder of the company.  Further investors that participated in the investment include Appaloosa, Baillie Gifford, Fidelity Management & Research Company LLC, GIC, funds and accounts advised by T. Rowe Price Associates, Ontario Teachers’ Pension Plan Board, funds and accounts managed by BlackRock, Park West, KKR, AllianceBernstein, Altimeter, Franklin Templeton and Luxor Capital.  According to Sweeney, the

Daily Crunch: Apple files countersuit against Epic

Source Node: https://techcrunch.com/2020/09/08/daily-crunch-apple-files-countersuit-against-epic/
Time Stamp: September 8, 2020 6:12 PM - Modified On: September 8, 2020 - Published By:
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Apple strikes back at Epic Games, Android 11 is here and Microsoft announces a new stripped-down Xbox. This is your Daily Crunch for September 8, 2020. The big story: Apple files countersuit against Epic Apple has made the latest move in a legal battle against Epic Games, filing a lawsuit claiming that the company behind Fortnite is in breach of contract. “Although Epic portrays itself as a modern corporate Robin Hood, in reality it is a multi-billion dollar enterprise that simply wants to pay nothing for the tremendous value it

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

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