June Investment Recap: More than $500 million raised, Schalke 04 Esports exits LEC and GameSquare Esports acquires Compl – The Esports Observer

June Investment Recap: More than $500 million raised, Schalke 04 Esports exits LEC and GameSquare Esports acquires Compl – The Esports Observer

During June 2021, The Esports Observer tracked 11 investments raised by esports-relevant companies. Disclosed investments amounted to $512.5 million USD, bringing the total sum of disclosed investments in 2021 to $3.5 billion. In addition to the realized investments listed in the article, South Korean game developer holding Krafton – the parent of PlayerUnknown’s Battlegrounds developer PUBG Corp – filed for a potential $5 billion initial public offering on the Korea Exchange, which is expected to be completed in mid-July. 

Financial terms were not disclosed for all deals highlighted in this article. 

Schalke 04 sells LEC slot 

Image Credit: Riot Games

German soccer club Schalke 04 sold its slot in the franchised League of Legends European Championship (LEC), which it owned through its subsidiary Schalke 04 Esports, to Swiss esports organization Team BDS for €26.5 million EUR ($32.6 million). The league’s operator, Riot Games accepted the sale. 

Schalke 04’s decision to sell its most valuable esports asset was heavily influenced by the financial challenges its core soccer business is facing due to the economic damages caused by the COVID-19 pandemic and the club’s relegation from the first German soccer league. 

The Schalke 04 brand will remain a part of the LEC until the end of the 2021 season, with Team BDS debuting in Spring 2022. 

GameSquare Esports acquires Complexity Gaming 

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