Last month saw a multitude of esports mergers and acquisitions, both from endemic and non-endemic entities. In addition, esports entities such as Freaks 4U Gaming, FaZe Clan and Edge Gaming were strengthened through investments. Esports Insider has compiled a list of August 2021’s key investment stories. To read more about a story below, click the […]
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Esports investment report, April 2021: OverActive Media, GRID, Epulze
Aside from Epic Games raising an eye-watering $1bn (~£727m), endemic esports companies such as GRID, Epulze, Semper Fortis, and OverActive Media also raised substantial funds in April. Every month, Esports Insider compiles a list of the month’s key investment stories. To read more about a story below, click the link in the corresponding title. Spotlighted […]
ORDER Raises $4.12M Investment, Appoints Marc Edwards as CEO – The Esports Observer
Australian esports organization ORDER announced that it has closed a $.5.3M AUD ($4.12M USD) financing round, which it launched early in 2021. The group of investors included CPS Capital managing director Jason Peterson and Gemelli Group chairman Harry Karelis, who has also been appointed to ORDER’s board of directors. The organization’s chairman Gerard Murphy revealed […]
Rec Room Raises $100m Towards Social VR Growth
As we’ve not all been able to meet up over the last year, online social apps designed to fill that gap have grown, with Rec Room testament to that. The social gaming platform has announced the success of a new funding round, raising $100m USD whilst giving it a valuation of $1.25 billion. Originally launched […]
Investment Firm Unhappy With Activision Blizzard CEO’s $200M Bonus Amidst Company Layoffs
CtW Investment Group, whose mission is to hold “directors accountable for irresponsible and unethical corporate behavior,” has issued a condemnation of the reported $200M USD bonus that Activision Blizzard CEO Bobby Kotick is set to receive as part of a “Shareholder Value Creation Incentive” provision in his employment agreement after the company announced it was […]
eFuse Raises $6M in Investments from NFL, NBA Stars
Gaming-focused social networking platform eFuse has secured a $6M USD investment from a collection of professional sports stars, influencers, and investors, led by Ohio Innovation Fund. While a representative for eFuse declined to comment on specific individual investments, they did tell The Esports Observer that commitments from some pro sports players involved in the round […]
Fidelity Leads $81M Investment in Enevate to Accelerate Commercialization of Fast-Charging Electric Vehicle Battery Technology
Advances Silicon Anode Cell Technology for EVs IRVINE, Calif.–(BUSINESS WIRE)–February 10, 2021– Enevate, a pioneer in advanced silicon-dominant lithium-ion (Li-ion) battery technology featuring extreme fast charge and high energy density for electric vehicles (EVs) and other markets, announced that it has secured a $81M Series E funding led by Fidelity Management & Research Company, providing […]
August Investment Recap: Fortnite Billions, BITKRAFTS $165M Venture Fund, and New Capital for Esports Organizations
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 […]