investment

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,…

atari-co-founder-joins-sheffield-based-esports-business-semper-fortis-ahead-of-stock-exchange-float,-aims-to-‘strengthen-esports-in-the-uk’-after-picking-up-uk-rocket-league-team ESports News UK

Atari co-founder joins Sheffield-based esports business Semper Fortis ahead of stock exchange float, aims to ‘strengthen esports in the UK’ after picking up UK Rocket League team

Semper Fortis Esports PLC, an emerging esports business based in Sheffield, UK, has Atari co-founder Nolan Bushnell (pictured) on board as a non-executive director. The company said it will create and manage pro teams, work on projects with orgs, players and celebrities, offer consultancy services, run an accelerator programme for esports and gaming entrepreneurs, as well as bolster the industry through technologies including AR, VR, machine learning, blockchain and data analytics. It has already signed its first esports team, UK Rocket League focused side Top Blokes, who announced the investment last month but did not name Semper Fortis as the…

saudi-arabia-has-invested-billions-in-activision,-ea-and-take-two VG247

Saudi Arabia has invested billions in Activision, EA and Take-Two

By Alex Calvin, Friday, 19 February 2021 17:08 GMT The country’s Public Investment Fund has bought $3 billion in these publishing giants.The Saudi Arabian Public Investment Fund (PIF) has started buying up stakes in triple-A games giants.As reported by Al Jazeera, the Riyadh-based sovereign wealth fund – chaired by crown prince Mohammed bin Salman – has invested more than $3 billion into companies including Activision Blizzard, Electronic Arts and Take-Two during the last quarter of 2020.The PIF acquired 14.9 million shares in Activision Blizzard, worth around $1.4 billion, as well as 7.4 million EA shares and 3.9 million Take-Two shares,…