venture capital

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 announces $1B funding round

Source Node: https://www.esportznetwork.com/epic-games-announces-1b-funding-round/
Time Stamp: April 13, 2021 3:48 PM - Modified On: April 13, 2021 - Published By:
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Fortnite developer and major gaming platform Epic Games announced the completion of a massive $1 billion funding round. The previous investment at $200 million, thanks to Sony Corporation, puts Epic at an equity evaluation of $28.7 billion. The investment will put all of the major titles under Epic into full throttle. Additionally, the company aims to evolve and keep game development and creation at a steady rise.Today we announced a new round of funding to support future growth and our long-term vision for the Metaverse. Thank you to all our

Powder Raises $14M Series A Led by Serena 

Source Node: https://esportsobserver.com/powder-raises-14m-series-a/?utm_source=rss&utm_medium=rss&utm_campaign=powder-raises-14m-series-a
Time Stamp: April 13, 2021 12:19 PM - Modified On: April 13, 2021 - Published By:
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French tech startup Unique Entertainment Expérience, which is doing business as Powder, announced that it has secured a $14M USD Series A financing round led by Paris-based venture capital firm Serena. Further investors include General Catalyst, Slow Ventures, Alven Capital, Banque publique d’investissement (Bpifrance) through its fund Digital Venture, Secocha Ventures, Turner Novak, and Kevin Hartz.  The startup, which was co-founded in 2018 by Stanislas Coppin (CEO), Barthélémy Kiss (Chief Growth Officer), Yannis Mangematin (Chief Content Officer), and Christian Navelot (CTO), revealed that it intends to use its Series A proceeds to “increase the pace at which we are building the video infrastructure of social gaming.”  This

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

Lowkey Raises $7M Series A Financing Round 

Source Node: https://esportsobserver.com/lowkey-financing-round-7m/
Time Stamp: March 31, 2021 12:00 PM - Modified On: March 31, 2021 - Published By:
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San Francisco-based tech startup Lowkey announced that it has raised a $7M USD Series A financing round from Silicon Valley-based venture capital firm Andreessen Horowitz, Figma co-founder and CEO Dylan Field, Loom co-founder and CEO Joe Thomas, Plaid co-founders Zach Perret and William Hockey, and several unnamed investors from the gaming and social media industries. The company, which currently employs eight people, will use some of the investment proceeds to hire new talent.   Lowkey was created by Harvard graduate Jesse Zhang to build a software solution to capture gameplay videos

Animoca Brands: A Leader in Blockchain Gaming

Source Node: https://www.asiacryptotoday.com/animoca-brands/
Time Stamp: March 19, 2021 1:50 PM - Modified On: March 19, 2021 - Published By:
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The gaming industry has always enjoyed great success with new technologies. The advent of personal computers, the internet, mobile phones, virtual reality, augmented reality and even artificial intelligence has been channelled to improving how games are presented. Each new technology brings a better experience for gamers. As such, the industry has experienced explosive growth over the last few years, and it will come as no surprise that the hot new tech, which is blockchain, has been employed to move gaming to the next level. At the forefront of this new

Quantum Tech Partners: Esports companies raised $2 billion in 2020, up 116%

Source Node: https://venturebeat.com/2021/02/24/quantum-tech-partners-esports-companies-raised-2-billion-in-2020-up-116/
Time Stamp: February 24, 2021 10:30 AM - Modified On: February 24, 2021 - Published By:
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GamesBeat Summit 2021 #GBSummit returns with two days of content and networking designed for industry executives. April 28-29, 2021 Register Now Esports companies raised $2 billion in 2020 over 200 transactions in 2020, up 116% in value from $957 million in 123 deals in 2019, according to mergers and acquisitions advisory firm Quantum Tech Partners. Mergers and acquisitions also rose, with 50 deals valued at $658 million in 2020, compared to 33 deals valued at $475 million in 2019, said Alina Soltys, cofounder of Quantum Tech Partners, in an interview

Extra Crunch roundup: Inside DoorDash’s IPO, first-person founder stories, the latest in fintech VC and more

Source Node: https://techcrunch.com/2020/11/13/extra-crunch-roundup-inside-doordashs-ipo-first-person-founder-stories-the-latest-in-fintech-vc-and-more/
Time Stamp: November 13, 2020 3:32 PM - Modified On: November 13, 2020 - Published By:
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One of my favorite series of Monty Python sketches is built around the concept of surprise: Chapman: I didn’t expect a kind of Spanish Inquisition. [JARRING CHORD] [Three cardinals burst in] Cardinal Ximénez: NOBODY expects the Spanish Inquisition! I was reminded of this today when I needed to reschedule a few stories so we could cover DoorDash’s S-1 filing from multiple angles. First, Managing Editor Danny Crichton looked at how well the company’s co-founders and many investors stand to make out. Alex Wilhelm covered the IPO announcement in depth on TechCrunch before writing