Despite the coronavirus pandemic, the esports community has witnessed an explosive year of investment growth in 2020 and early 2021. Here is a brief summary of just some of the more significant esports acquisitions and investment transactions over the past year.
As for significant investments, in August 2020, Bitkraft Ventures, a worldwide esports venture capital firm, raised $165 million to invest across esports, gaming, and interactive entertainment, closing well above its initial target of $125 million. The Bitkraft fund was backed by investment firms including Carolwood, Declaration Partners and JS Capital, and corporate investors Logitech, and Advance. Jen Hilgers, founding partner of Bitkraft, commented: “At Bitkraft, we don’t just support forward-thinking entrepreneurs with capital, but also provide experience, resources, and our global network.” Bitkraft seems well-poised to continue its influence on the esports world.