During April 2021, The Esports Observer tracked 13 investments raised by esports-relevant companies. Disclosed investments amounted to 1.1B$ USD, bringing the total sum of disclosed investments in 2021 to $3B.
Financial terms were not disclosed for all deals highlighted in this article.
NHL Franchise Montreal Canadiens Joins OverActive Media’s Ownership Group
Toronto-based esports company OverActive Media completed a second closing on its previously announced private placement, bringing the aggregate gross proceeds of its brokered and non-brokered financings to more than $40M. The parent company of three esports franchises, the Overwatch League’s Toronto Defiant, the Call of Duty League’s Toronto Ultra, and the MAD Lions, the current champions of the League of Legends European Championship (LEC), also announced that the National Hockey League (NHL) franchise Montreal Canadiens joined its ownership group as part of the funding. The Canadiens strategic investment in OverActive is their maiden voyage into the esports industry.
The company also announced that Phil Kessel of the Arizona Coyotes and Carl Hagelin of the Washington Capitals have joined its list of celebrity and athlete owners. These current NHL stars join Toronto Maple Leafs star forward Mitch Marner and Canadian Grammy Award-winning music artist The Weeknd, who