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