Esports investment in February 2021 dropped significantly year-over-year (YoY) but still proves that the industry, despite recent hardships, inspires confidence in the future.
According to Esports Insider’s calculations, around $28.8m (~£20.6m) of disclosed esports investment was committed in February 2021. Nearly half of that money — $11.5m (~£8.23m) — was raised by Nerd Street Gamers in its latest funding round.
February highlight: Danish esports org North was discontinued last month, raising questions about investing in teams in 2021. What does North’s failure to find additional investment tell us about the org? What do investors look for in teams? How has investor sentiment changed in the last few years?
If you missed it, check out: The state of the funding market for esports organisations in 2021.
Esports investment report, February 2021
Esports infrastructure company Nerd Street Gamers (NSG) has raised $11.5m (£8.48m) in additional funding, with the round led by venture capital firm Founders Fund.
Despite the closure of NSG’s Localhost facilities due to the coronavirus pandemic, the company still achieved growth thanks to the firm’s digital offerings which ranged