During the month of March 2021, The Esports Observer tracked 23 investments raised by esports-relevant companies. Disclosed investments amounted to $233M USD, bringing the total sum of disclosed investments in 2021 to $1.9B.
In addition to several significant investments, including Overwolf’s $50M+ and Envy Gaming’s 40M Series C financing rounds, several private placement deals by Toronto Stock Exchange Venture Exchange listed esports companies, and multiple seed round investments, a couple of major deals in the works came to light during the month. Super League Gaming is in the process of acquiring live streaming technology platform Mobcrush at a transaction value likely to exceed $60M and Microsoft is in talks to acquire gaming voice and community chat platform Discord for more than $10B.
Financial terms were not disclosed for all deals highlighted in this article.
Overwolf Raises $50M+ Series C
In-game apps platform Overwolf raised a $52.5M Series C financing round co-led by Griffin Gaming Partners and Insight Partners with participation from further investors including Ubisoft, Warner Music Group, Immortals Gaming Club investor Meg Whitman, Gen.G co-founder Kevin Chou, and existing investors Marker, Intel Capital and Liberty Media.
Tel Aviv-based Overwolf, revealed that it intends