Investments

Gamers Club and Riot Games Organize Women’s Valorant Circuit in Latin America

Source Node: https://esportsobserver.com/gc-riot-valorant-circuit-latam/?utm_source=rss&utm_medium=rss&utm_campaign=gc-riot-valorant-circuit-latam
Time Stamp: April 16, 2021 3:25 PM - Modified On: April 16, 2021 - Published By:
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 Immortals Gaming Club-owned gaming platform Gamers Club and Riot Games (through its Game Changers initiative) are organizing the Gamers Club Circuit: Gêneses Protocol, a women’s tournament in Brazil and Latin America. The competition will be divided into four splits which will qualify one team for the Valorant Game Changers Series. Each of the splits will have a $20K BRL (roughly $3.6K USD) prize pool, making a total of $80K BRL (roughly $14.3K) invested in prizes. The tournament is open to teams to register, as the Game Changers initiative seeks to

The State of Esports in Argentina

Source Node: https://esportsobserver.com/the-state-of-esports-in-argentina/?utm_source=rss&utm_medium=rss&utm_campaign=the-state-of-esports-in-argentina
Time Stamp: April 16, 2021 12:01 PM - Modified On: April 16, 2021 - Published By:
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Esports is gaining traction in Argentina, with sponsorships and partnerships on the books in the country with global brands such as Logitech, which sponsors the 9z Team, and Cooler Master, which sponsors San Lorenzo Esports (CASLA Esports).  Due to language, culture, population, and even the current level of investments in South America, the continent’s market is often divided between “Brazil” and “Latin America” to differentiate between the two very different communities. Argentina, then, is part of the Spanish-speaking block with countries such as Chile, Peru, and Colombia. This does not

FrontSight Capital Fund invests $1m into Singaporean organisation RSG

Source Node: https://esportsinsider.com/2021/04/frontsight-capital-fund-invests-1m-into-rsg/?utm_source=rss&utm_medium=rss&utm_campaign=frontsight-capital-fund-invests-1m-into-rsg
Time Stamp: April 15, 2021 6:39 AM - Modified On: April 15, 2021 - Published By:
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FrontSight Capital Fund, an esports private equity fund managed by Singaporean firm Tembusu Partners, has announced an investment of $1m (∼£725,415) into Singaporean esports organisation RSG. The funding will be used to continue RSG’s investment in local talent cultivation, along with a new focus to establish brand-new training facilities for its teams. The organisation currently fields teams across a number of titles including Mobile Legends: Bang Bang, League of Legends: Wild Rift, and Street Fighter. Photo credit: RSG RELATED: RSG delivers Pizza Hut partnership According to the release, FrontSight Capital

Opinion: The Match-Fixing Mess in China’s League of Legends Esports Ecosystem

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Time Stamp: April 14, 2021 12:00 PM - Modified On: April 14, 2021 - Published By:
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“Please punish those ‘cheaters’ and ‘actors’ severely. please! Otherwise the League of Legends competitive scene can not [be called] professional [esports],” Chinese esports icon Jian “Uzi” Zihao pleaded after his game was match-fixed. Uzi is considered one of the biggest superstars in the world of esports China, and has the most commercial value in the country as both a player and streamer. Before Nike signed the ￥200M RMB ($30.5M USD) four-year sponsorship deal with League of Legends Pro League (LPL) in 2019, the company was already attracted by Zihao’s influence

UTA appoints Clinton Foy as Venture Capital Partner

Source Node: https://esportsinsider.com/2021/04/uta-appoints-clinton-foy-as-venture-capital-partner/?utm_source=rss&utm_medium=rss&utm_campaign=uta-appoints-clinton-foy-as-venture-capital-partner
Time Stamp: April 14, 2021 7:34 AM - Modified On: April 14, 2021 - Published By:
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Talent, entertainment and sports agency UTA has announced that veteran investment executive Clinton Foy will be joining UTA Ventures as General Partner, Venture Capital. Working alongside Sam Wick, the Head of UTA Ventures, Foy’s work will focus on growing and developing the company’s investment platforms. Credit: Clinton Foy | LinkedIn RELATED: UTA appoints Ander Nickell as esports Brand Partnerships Executive Prior to joining UTA, Foy was General Partner and Managing Director at Crosscut Ventures, where he was the lead investor in several successful companies, including Streamlabs, PlayVS, and FitOn. For

Epic Games closes $1bn funding round led by Sony

Source Node: https://esportsinsider.com/2021/04/epic-games-1b-funding-sony-group-corporation/?utm_source=rss&utm_medium=rss&utm_campaign=epic-games-1b-funding-sony-group-corporation
Time Stamp: April 14, 2021 4:52 AM - Modified On: April 14, 2021 - Published By:
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American games publisher Epic Games has announced the closing of a $1bn (~£727m) funding round, bringing the company’s equity valuation to $28.7bn (~£20.87bn). Sony Group Corporation led the funding round with an investment of $200m (~£145.4m). Other investors include Appaloosa, Baillie Gifford, Park West, KKR, AllianceBernstein, Altimeter, Franklin Templeton, and Luxor Capital, to name a few. Image credit: Epic Games RELATED: OverActive Media announces $40m investment, Montreal Canadiens joins ownership group The funds will be used to continue advancing its ‘technology, entertainment, and socially-connected online services’. This includes cross-over events between popular

Epic Games Receives $1 Billion In Funding, Intends To Grow The “Metaverse”

Source Node: https://estnn.com/epic-games-receives-1-billion-in-funding-intends-to-grow-the-metaverse/
Time Stamp: April 13, 2021 3:11 PM - Modified On: April 13, 2021 - Published By:
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Epic Games' stock has risen, literally. Video game developer Epic Games is responsible for creating Fortnite Battle Royale, arguably the last decade's most influential game. When the Battle Royale genre only had first-person shooters like PUBG and H1Z1, Fortnite captured the entire world's attention for both gamers and nongamers. Epic's iconic title became the talk of the town for an extended period, which the developer parlayed into well over $1B USD in revenue since Fortnite's release in 2017. Fortnite continues to grow in unfathomable ways. Just two seasons ago, Marvel

Epic Games raises $200 million from Sony in $1bn round at $28.7bn valuation

Source Node: https://www.talkesport.com/business/epic-games-raises-200-million-from-sony-in-1bn-round-at-28-7bn-valuation/
Time Stamp: April 13, 2021 10:41 AM - Modified On: April 13, 2021 - Published By:
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Epic Games said on Tuesday it had raised $1 billion in its latest funding round that valued the “Fortnite” maker at $28.7 billion. The company said it received an additional investment of $200 million from Sony Group Corp in the funding round, which also included Appaloosa, Baillie Gifford, and KKR & Co Inc. Epic Games Chief Executive Officer Tim Sweeney remains the controlling shareholder of the company after the latest investments, it said in a statement. “Their investment will help accelerate our work around building connected social experiences in Fortnite,