Esports investment report: $61.6m committed in January 2021 – Esports Insider

Esports investment report: $61.6m committed in January 2021 – Esports Insider

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. 

VSPN
Credit: VSPN

In its last two funding rounds (Series B and Series B+), the latest of which closed last month, Versus Programming Network has raised a total of $160m (~£116.53m). 

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’. 

Photo credit: World Poker Tour, Allied Esports

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
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