Top Esports Deals And Investments In 2020 And 2021 – Media, Telecoms, IT, Entertainment – Worldwide – Mondaq News Alerts

Top Esports Deals And Investments In 2020 And 2021 – Media, Telecoms, IT, Entertainment – Worldwide – Mondaq News Alerts

Despite the coronavirus pandemic, the esports community has
witnessed an explosive year of investment growth in 2020 and early
2021.  Here is a brief summary of just some of the more
significant esports acquisitions and investment transactions over
the past year.

As for significant investments, in August 2020, Bitkraft
Ventures
, a worldwide esports venture capital firm, raised $165 million to invest across
esports, gaming, and interactive entertainment, closing well above
its initial target of $125 million.  The Bitkraft fund was
backed by investment firms including Carolwood, Declaration
Partners and JS Capital, and corporate investors Logitech, and
Advance.  Jen Hilgers, founding partner of Bitkraft,
commented:  “At Bitkraft, we don’t just support
forward-thinking entrepreneurs with capital, but also provide
experience, resources, and our global network.”  Bitkraft
seems well-poised to continue its influence on the esports
world.

In September 2020, the Mobile Premier League (MPL), Asia’s
largest mobile gaming and esports platform, raised $90 million in its Series C
round.  The round was led by SIG and early-stage tech
investors RTP Global, MDI Ventures and Pegasus Tech Ventures. 
Existing investors Sequoia India, Base Partners, and Go-Ventures
also participated.  Sai Srinivas, MPL’s CEO and
co-founder, said in a public statement:  “In a short
time, MPL has taken the gaming market by storm with our various
offerings and partnerships, which have helped us stand out in the
industry.  This latest round of funding will enable us to
entertain and connect an even larger audience across India and
beyond.”  The Series C round brought MPL’s total
funding to $130.5 million after previously raising $40.5
million.  MPL boasts a growing base of over 60 million users
and has recorded over 2 billion cash transactions
Source…