investment

gfinity-raises-more-funds,-partners-with-mobile-streams-for-new-joint-venture ESports News UK

Gfinity raises more funds, partners with Mobile Streams for new joint venture

UK-based esports tournament organiser and media company, Gfinity, has entered into a new joint venture with mobile content company Mobile Streams. That business announced it had raised £1.2m before expenses to create the joint venture with Gfinity, which will be focused on mobilegaming.com, a site both companies are looking to better monetise. Funds were raised this week through a placing of 400m shares at a price of 0.3p each. And Mobile Streams said it had agreed to take £250,000 in Gfinity shares. Continue reading Gfinity raises more funds, partners with Mobile Streams for new joint venture

new-uk-based-gaming-platform-yakkr-secures-six-figure-investment,-aims-to-on-board-esports-teams-and-content-creators ESports News UK

New UK-based gaming platform Yakkr secures six-figure investment, aims to on-board esports teams and content creators

Yakkr founders Marcus Rowley (left) and Rhys Birkinshaw (right) on screen with Alex Wilby of law firm Swinburne Maddison Yakkr, a new UK-based platform that lets fans play online games with their favourite esports teams, influencers and celebrities, has secured six figures in funding. Durham City law firm Swinburne Maddison provided legal advice to the new tech start-up in relation to the pre-seed investment, provided by Athena Venture Capital and backed by TwinklHive, which predominantly invests in the ed-tech sector.  Continue reading New UK-based gaming platform Yakkr secures six-figure investment, aims to on-board esports teams and content creators

riot-games-acquires-stake-in-fortiche-production,-the-french-animation-studio-behind-arcane-and-other-lol-videos,-the-pair-will-‘work-closely-for-decades-to-come’ ESports News UK

Riot Games acquires stake in Fortiche Production, the French animation studio behind Arcane and other LoL videos, the pair will ‘work closely for decades to come’

Riot Games has acquired a ‘significant non-controlling stake’ in Fortiche Production, the French animation studio behind the breakout animated Netflix series Arcane and other League of Legends (LoL) videos. LoL publisher Riot today announced the new equity investment, with Brian Wright (chief content officer at Riot) and Brendan Mulligan (director of corporate development at Riot) joining Fortiche’s board of directors. Riot and Fortiche have worked together for almost a decade, first collaborating on the music video ‘Get Jinxed’ (featuring Djerv) to celebrate the launch of the iconic League champion Jinx. Continue reading Riot Games acquires stake in Fortiche Production, the French animation…

the-scottish-government’s-1.3m-computing-in-schools-pledge-can-lift-esports-in-the-country ESports News UK

The Scottish Government’s £1.3m computing in schools pledge can lift esports in the country

The Scottish Government has just committed £1.3m for computing in schools. While some have criticised this move as being a paltry amount per school, never underestimate an inspired youngster with greater access to something they love, argues Esports News UK editor Dom Sacco Schools in Scotland can now bid for grants of up to £3,000 to purchase additional computing science equipment, devices, software or teaching resources. That’s due to a £1.3 million investment from the Scottish Government, which hopes to support computing science in primary and secondary schools across the country. Continue reading The Scottish Government’s £1.3m computing in schools…

connor-ball-becomes-co-owner-of-ldn-utd:-“i-couldn’t-say-no-to-the-opportunity” ESports News UK

Connor Ball becomes co-owner of LDN UTD: “I couldn’t say no to the opportunity”

UK esports organisation LDN UTD has announced that celebrity and musician Connor Ball has joined the team as a co-owner. Connor Ball is an avid gamer, plays bass in the pop rock group The Vamps and is a current contestant on TV show Dancing on Ice. Connor Ball said on Twitter: “I’m extremely proud to announce that I am now a co-owner of esports organisation LDN UTD. “For the longest time I’ve had a passion in the esports world and having worked with the LDN UTD team across multiple events, the stars aligned and I couldn’t say no to the…

esports-betting-platform-midnite-secures 12m-in-funding-as-part-of-global-expansion ESports News UK

Esports betting platform Midnite secures £12m in funding as part of global expansion

UK Gambling Commission-licensed esports betting platform Midnite has announced the first closing of a $16m (£11.85m) series A funding round. As part of the round, existing investors increased their investment in Midnite, with notable previous backers of Midnite including Makers Fund and Venrex. The round was led by The Raine Group, a global merchant bank focused on technology, media and telecommunications. Raine co-founder and partner John Salter will join Midnite’s board of directors and MD Garrett Gomes will become a board observer. Continue reading Esports betting platform Midnite secures £12m in funding as part of global expansion

uk-based-esports-analysis-platform-swiftskill-secures-150,000-in-funding-as-it-hopes-to-help-valorant-and-csgo-players ESports News UK

UK-based esports analysis platform SwiftSkill secures £150,000 in funding as it hopes to help Valorant and CSGO players

SwiftSkill, a new digital platform founded in the UK that allows aspiring esports professionals to track and improve their performance, has raised a £150,000 pre-seed round from Jenson Funding Partners. The funding will allow the business to expand its team and provide its service to additional esports game titles, to help gamers build their skills to become professional esports players.  SwiftSkill works by providing a digital analysis tool that gives players an insight into their performance. Continue reading UK-based esports analysis platform SwiftSkill secures £150,000 in funding as it hopes to help Valorant and CSGO players

british-esports-association-to-open-performance-and-education-campus-at-riverside-sunderland-as-part-of-multi-million-pound-investment ESports News UK

British Esports Association to open performance and education campus at Riverside Sunderland as part of multi-million pound investment

Left to right: Councillor Graeme Miller, leader of Sunderland City Council, British Esports CEO Chester King and Sunderland City Council chief exec Patrick Melia The British Esports Association (BEA) will open an esports performance and education campus at city centre regeneration project Riverside Sunderland, which will aim to nurture and support the next generation of talent. BEA has made a multi-million pound commitment to the city of Sunderland, having acquired a former retail premises adjacent to the Stadium of Light, where it will establish its National Esports Performance Campus (NEPC). Continue reading British Esports Association to open performance and education…

team-vitality-secure-e50m-investment-to-create-more-‘superteams’,-announce-new-2022-csgo-roster:-“we-have-what-it-takes-to-be-the-best-csgo-team-in-the-world” ESports News UK

Team Vitality secure €50m investment to create more ‘superteams’, announce new 2022 CSGO roster: “We have what it takes to be the best CSGO team in the world”

Team Vitality have secured €50m in funding from Rewired.gg spread over the next three years to “create European super teams capable of winning the most coveted trophies in esports”. The French-based esports organisation have also today announced their 2022 CSGO roster, with the signing of Peter “dupreeh” Rasmussen, Emil “magisk” Reif, and Danny “zonic” Sørensen. The decorated trio join Mathieu “ZywOo” Herbaut, Dan “apEX” Madesclaire, and Kévin “misutaaa” Rabier to complete what they’re calling “one of the strongest line-ups in CSGO history”. Continue reading Team Vitality secure €50m investment to create more ‘superteams’, announce new 2022 CSGO roster: “We have…

vikkstar-invests-in-uk-based-business ESports News UK

Vikkstar invests in UK-based business

Popular UK YouTuber Vikram ‘Vikkstar’ Barn has joined UK-based business VibePay as a part-owner. The payments company announced this morning that the Sidemen member and London Royal Ravens co-owner, also known for his Call of Duty content, has joined as a shareholder and partner. VibePay is hoping the move will mark a ‘major step in making account-to-account payments the go-to payment type in the creator economy, helping streamers and side-hustlers pay and get paid’. Continue reading Vikkstar invests in UK-based business

uk-based-esports-orgs-and-businesses-raised-a-record-42m-in-funding-in-2020-according-to-new-report ESports News UK

UK-based esports orgs and businesses raised a record £42m in funding in 2020 according to new report

UK-based esports organisations, startups and scaleup companies raised £42m in 2020, making it a record year for UK esports startups in terms of both the value and number of deals.  That’s according to new research published this week by Here East, the tech and innovation campus in London, and Beauhurst, a UK database for fast-growth companies. The pair claim to have analysed all investment data for British esports since 2011. Growing UK esports businesses have raised £138m over the last ten years, and the research has found that 61% (£85m) of that investment was secured in the last two years.  Continue…

williams-board-approves-plan-to-invest-millions-of-pounds-in-esports,-expects-to-double-number-of-dedicated-esports-staff-year-on-year ESports News UK

Williams board approves plan to invest millions of pounds in esports, expects to double number of dedicated esports staff year-on-year

British Formula One motor racing team Williams has spoken of its plans to invest heavily in esports over the coming years. This will involve branching into new esports titles and growing the number of dedicated esports staff on its team. Steven English, head of esports at Williams Racing, told Esports News UK: “The board of our company recently approved a new esports business plan, which is investing in millions over the next five years and beyond.” Williams entered esports three years ago in sim racing, and now has its sights set beyond that. Continue reading Williams board approves plan to…

excel-to-open-new-london-hq-close-to-local-rivals-fnatic-after-securing-17m-in-funding ESports News UK

Excel to open new London HQ close to local rivals Fnatic after securing £17m in funding

UK-based esports organisation Excel Esports will become the new neighbours of local rivals Fnatic after announcing a new HQ in Shoreditch, London, as well as £17m in funding. This new office will open later this summer and serve as an addition to Excel Esports’ Twickenham Stadium training facilities and Berlin-based player training facilities, which will continue to be used by the org. Excel also has plans to ‘launch its operations into other new territories’. Continue reading Excel to open new London HQ close to local rivals Fnatic after securing £17m in funding

ireland’s-vela-games-raises-12.5m-in-funding-from-ubisoft,-london-venture-partners-and-novator ESports News UK

Ireland’s Vela Games raises £12.5m in funding from Ubisoft, London Venture Partners and Novator

Vela Games, a Dublin-based studio with industry veterans from Blizzard, Epic, Riot Games, EA and Moon Studios, has today announced it’s secured $17.3m (£12.5m) Series A investment. The funding comes from lead investor Novator, with additional investment from Ubisoft and London Venture Partners, to fuel development of its breakthrough Multiplayer Online Co-Operative (MOCO) title, an MMO/MOBA hybrid codenamed Project-V. Founded in 2018 by Travis George, Brian Kaiser and Lisa Newon George, Vela Games previously raised $6.9m in funding rounds, to establish a team of over 25 developers and flesh out their design. Continue reading Ireland’s Vela Games raises £12.5m in…

grassroots-esports-fund-announced-by-challengermode-and-opera-gx:-$30,000-in-prize-pool-funding-available-to-grassroots-tournament-organisers-in-the-uk,-us-and-germany ESports News UK

Grassroots Esports Fund announced by Challengermode and Opera GX: $30,000 in prize pool funding available to grassroots tournament organisers in the UK, US and Germany

Esports tournament platform Challengermode has teamed up with web browser Opera GX to create what it claims is the world’s first grassroots esports fund. The aim is to ‘accelerate the growth’ of small emerging esports organisers – so communities and tournaments run primarily by volunteers on a small scale aimed at the semi-professional or lower skill levels. The fund is focused on reaching players in the UK, Germany and the US, but organisations worldwide can apply. Continue reading Grassroots Esports Fund announced by Challengermode and Opera GX: $30,000 in prize pool funding available to grassroots tournament organisers in the UK,…