Disclosed esports investment in January was considerable — albeit lopsided.
According to Esports Insider’s calculations, around $61.6m (~£44.84m) of disclosed investment was committed in January 2021 — most of which came from solutions provider VSPN raising $60m (~£43.7m) in its latest funding round. This month, however, important news stretched beyond just accumulative investment figures.
Here is a short breakdown of last month’s key investment news.
The company is now backed by investors such as Chinese conglomerate Tencent Holding, Prospect Avenue Capital, Guotai Junan International, and Nan Fung Group, among others. The company also acquired Banana Gaming & Media last month for an undisclosed amount.
The most recent investment is expected to go towards creating technologies in esports production, and ‘deepening the layout of esports IP trends and operations’.
Allied Esports is ‘exploring strategic options’ for its current esports business after selling the World Poker Tour to investment group Element Partners last month for $78.25m (~£57.35m).
As of January 20th there had been no ‘initial