Esports organization FaZe Clan receives investment from American rapper and songwriter Kiari Kendrell “Offset” Cephus. FaZe Clan continues to add partners to build a strong brand in the intersection of esports and entertainment. Content, merchandise, and brand partnerships are subject to growing the organization’s brand. On Thursday, FaZe Clan introduced American rapper and songwriter Kiari […]

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Korean esports company STILL8 has raised ₩5B KRW from two South Korean investors: Dunamu & Partners, and Murex Partners. The company has raised a total of ₩23B to date and is looking to source further funding in 2020. Proceeds from the funding round will go towards building Team Griffin’s brand and expanding […]

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The future of who will take the Echo Fox slot in the LCS remains unknown. On August 14, Echo Fox entered into an agreement with Riot Games that has terminated their participation in the LCS. But unfortunately, the previous deal between Echo Fox and Kroenke Sports & Entertainment  has been canceled. Furthermore, KSE is getting […]

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15-time NBA All-Star Kevin Garnett is investing in full-service esports company Triumph Esports through his event management and production company, Big Ticket Sports LLC.  The newly formed Triumph Esports currently has two assets: Rivalcade, a competitive esports and experiential event company, and Triumph Gaming, an esports team and player development organization competing in the Overwatch […]

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AI-based training program developer Statespace announced a $2.5M USD funding round, bringing total funding to $4M. Statespace launched a free esports training program called Klutch in 2017, which is nearing 1M users. FirstMark Capital’s investment portfolio also includes Riot Games, Discord, and game developer Proletariat. Statespace, developer of the AI-based esports training program Klutch, announced […]

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Update: According to an August 1, 2019 email acquired by Upcomer, an unidentified “major investor” disputes a majority of Rick Fox’s statements on The Richard Lewis Show, going so far as to call some “flat out lies.” The email, which was directed at the “investment group,” echoes claims by investor Amit Raizada that Fox did […]

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Tournament operations platform startup Matcherino has announced a new $1.5M USD investment from Wells Fargo and Galaxy Digital. It’s the latest addition to Matcherino’s Series A-1 funding round, which has raised more than $4.1M to date including investments from aXiomatic Gaming and Seven Peaks Ventures. Matcherino has worked with brands such as GameStop and EA […]

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July 2019 was a huge month for money flowing into esports-related companies, led by Chinese livestreaming service DouYu’s U.S. IPO, alongside 100 Thieves’ Series B funding round, and Simon Property Group’s investment in Allied Esports. Other top stories include the acquisitions of SteelSeries and ORIGIN PC, along with the potential sale of Echo Fox’s League […]

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Long before being announced as an investor in and member of the ownership group of the Minnesota franchise of Activision Blizzard’s upcoming geolocated Call of Duty League, Gary Vaynerchuk had his eye on the esports industry. “I’ve been really paying attention in the back row for four to five years,” he told The Esports Observer. […]

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Long before being announced as an investor in and member of the ownership group of the Minnesota franchise of Activision Blizzard’s upcoming geolocated Call of Duty League, Gary Vaynerchuk had his eye on the esports industry. “I’ve been really paying attention in the back row for four to five years,” he told The Esports Observer…. […]

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