Series A funding

Polygon and Community Gaming Partner to Provide Scalable Esports Tournaments

Source Node: https://coingenius.news/polygon-and-community-gaming-partner-to-provide-scalable-esports-tournaments-33/?utm_source=rss&utm_medium=rss&utm_campaign=polygon-and-community-gaming-partner-to-provide-scalable-esports-tournaments-33
Time Stamp: July 13, 2021 12:09 AM - Modified On: July 13, 2021 - Published By:
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[PRESS RELEASE – London, United Kingdom, 12th July 2021] Nexo, the leading regulated institution for digital assets, has completed a strategic investment in Yield Inc, a company leading efforts to build the Yield Protocol – an Ethereum protocol that enables fixed-rate borrowing and lending by fostering the nascent DeFi bond market – as part of the company’s $10-million Series A funding round. Nexo aims to not only provide necessary funding but also to help Yield’s efforts to build DeFi native versions of traditional finance products. Nexo’s investment represents another important

holoride raises €10 million in Series A funding for its automotive XR solution, plans for market launch in summer 2022

Source Node: https://www.auganix.org/holoride-raises-e10-million-in-series-a-funding-for-its-automotive-xr-solution-plans-for-market-launch-in-summer-2022/
Time Stamp: April 22, 2021 3:58 PM - Modified On: April 22, 2021 - Published By:
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[embedded content][embedded content]In Augmented Reality and Virtual Reality News April 22, 2021 – holoride, a provider of technology that combines navigational and car data with XR, has today announced that it has completed its Series A investing round, raising EUR €10 million in first closing and earning the company a EUR €30 million valuation. The round was led by Terranet AB, developers of advanced driver-assistance software (ADAS) that specifically addresses safety and comfort through sensor technology. Other co-investors in the round included a group of Chinese financial and automotive technology

Gaming infrastructure startup Pragma raises $12M from Greylock, Mark Pincus and others

Source Node: https://techcrunch.com/2021/04/20/pragma-series-a/
Time Stamp: April 20, 2021 10:01 AM - Modified On: April 20, 2021 - Published By:
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Pragma is building what it calls a “backend as a service,” providing ready-made infrastructure to developers of online, live service games. And it’s announcing today that it has raised $12 million in Series A funding. The round was led by David Thacker at Greylock, with participation from Zynga founder Mark Pincus, Oculus founder Nate Mitchell and Cloudera founder Amr Awadallah, along with previous investors Upfront Ventures and Advancit Capital. Amy Chang, who sold her business intelligence startup Accompany to Cisco, is joining Pragma’s board of directors. Co-founder and CEO Eden

DWG KIA Partners With Digital Marketing Company CUE Cultural Innovation

Source Node: https://esportsobserver.com/dwg-kia-cultural-innovation/?utm_source=rss&utm_medium=rss&utm_campaign=dwg-kia-cultural-innovation
Time Stamp: April 16, 2021 10:56 AM - Modified On: April 16, 2021 - Published By:
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South Korean esports organization DWG KIA announced Friday that the company has signed a partnership deal with China’s digital marketing company CUE Cultural Innovation.  Financial terms of the deal were not disclosed. As a part of the deal, CUE Cultural Innovation will become the exclusive Chinese agency of the team, and will be in charge of all business and commercial operations in mainland China. In addition, the partnership will also help promote cultural communication between China and the South Korean esports industry. DWG KIA is one of the most successful

CSL Esports partners with the Singleton Foundation

Source Node: https://esportsinsider.com/2021/04/csl-esports-partners-with-the-singleton-foundation/?utm_source=rss&utm_medium=rss&utm_campaign=csl-esports-partners-with-the-singleton-foundation
Time Stamp: April 15, 2021 8:04 AM - Modified On: April 15, 2021 - Published By:
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North American collegiate esports firm CSL Esports has announced a partnership with the Singleton Foundation For Financial Literacy and Entrepreneurship to expand its scholastic curriculum. Image credit: CSL Esports/ THE Singleton Foundation RELATED:  Banco do Brasil partners with Visa to launch BB Game Series As a result of the partnership, the collegiate esports firm and the Singleton Foundation will debut Venture Valley, a new multiplayer business-building game where players put their business savvy against each other, at CSL Esports’ virtual esports summer camp programme. “Education is a core component of CSL

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

Generation Esports closes $10.8m Series A funding round

Source Node: https://esportsinsider.com/2021/04/generation-esports-closes-10-8m-series-a-funding-round/?utm_source=rss&utm_medium=rss&utm_campaign=generation-esports-closes-10-8m-series-a-funding-round
Time Stamp: April 14, 2021 10:09 AM - Modified On: April 14, 2021 - Published By:
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North American esports organisation and competitive platform Generation Esports has announced it has closed its latest Series A funding round with a total of $10.8m (∼£7.83m) secured. The funding raised will be used to support the organisation’s community and student esports initiatives. Image credit: Generation Esports RELATED: High School Esports League launches Generation Esports The funding round was led by early-stage technology company investor Altos Ventures, with FJ Labs also taking part alongside other unnamed entities.  Mason Mullenioux, Co-Founder and CEO of Generation Esports, commented on the funding round: “We are thankful to

CouRage and Valkyrae become 100 Thieves co-owners, BMW announces esports manga | ESI Digest #37

Source Node: https://esportsinsider.com/2021/04/courage-and-valkyrae-become-100-thieves-co-owners-bmw-announces-esports-manga-esi-digest-37/?utm_source=rss&utm_medium=rss&utm_campaign=courage-and-valkyrae-become-100-thieves-co-owners-bmw-announces-esports-manga-esi-digest-37
Time Stamp: April 9, 2021 11:45 AM - Modified On: April 9, 2021 - Published By:
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Each week, ESI Digest breaks down the weekly happenings in the esports industry, making sense of things so you don’t have to. As well as being housed on YouTube, ESI Digest is available on all major podcast platforms and is also available in written form below. On this week’s ESI Digest we cover, Valkyrae and CouRage being announced as 100 Thieves co-owners, Astralis Group looking to trade in the US market, BMW Esports launching a manga series, Jackson’s LCS and PENTAKILL partnership, plus GRID’s $10m investment.  This edition of the ESI Digest is in

Esports data platform GRID announces $10m funding round

Source Node: https://esportsinsider.com/2021/04/esports-data-platform-grid-announces-10m-funding-round/?utm_source=rss&utm_medium=rss&utm_campaign=esports-data-platform-grid-announces-10m-funding-round
Time Stamp: April 9, 2021 7:30 AM - Modified On: April 9, 2021 - Published By:
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Esports data platform GRID has announced a $10m (~£7.28m) Series A funding round, with NFL player JuJu Smith-Schuster investing in the firm.  Alongside Smith-Schuster, ‘industry leaders’ behind Alinea Capital, Bumble Ventures, and Tar Heel Capital Pathfinder took part in the firm’s funding round, as well as ‘leading investors in the gaming, iGaming and tech industry’. Image credit: GRID Esports RELATED: GRID announces data partnership with Epic Esports Events According to the release, GRID’s investment will be used to strengthen its US expansion plans. The data platform first expanded its services

March Investment Recap: More Than $200M of Fresh Capital Gets Injected into the Esports Ecosystem 

Source Node: https://esportsobserver.com/march-2021-investment-recap/
Time Stamp: April 1, 2021 2:00 PM - Modified On: April 1, 2021 - Published By:
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During the month of March 2021, The Esports Observer tracked 23 investments raised by esports-relevant companies. Disclosed investments amounted to $233M USD, bringing the total sum of disclosed investments in 2021 to $1.9B.  In addition to several significant investments, including Overwolf’s $50M+ and Envy Gaming’s 40M Series C financing rounds, several private placement deals by Toronto Stock Exchange Venture Exchange listed esports companies, and multiple seed round investments, a couple of major deals in the works came to light during the month. Super League Gaming is in the process of acquiring live streaming technology platform Mobcrush at a transaction value likely to exceed $60M and Microsoft is in talks to acquire gaming