Chinese game live streaming platform Chushou has shut down, the latest casualty in the country’s Tencent-dominated game live streaming market. Live streaming platform Panda TV folded last year. Chushou received a roughly $77M USD investment from Google in early 2018 and raised a disclosed total of roughly $128M in funding since the platform was established […]

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Live streaming platform Caffeine closed a $113M USD Series D financing round to invest in new forms of real-time interactive entertainment. The round was led by media company Fox Corporation, privately-held conglomerate Cox Enterprises, and Saudi Arabian investment company Sanabil Investments. Additionally, the round was joined by the Silicon Valley venture-capital firms Andreessen Horowitz and […]

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June marks only the second month this year in which The Esports Observer tracked 10 or more investments disclosed during the month. In June, esports relevant companies disclosed $196.85M USD raised in investments, bringing the total sum of disclosed investments in 2020 to $1.12B. While the esports industry is still recovering from the impact of […]

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Messaging and VoIP platform Discord raised a $100M USD investment in June. In a blog post on Tuesday, its founders addressed several topics, including taking action “against white supremacists, racists, and others who seek to use Discord for evil” and its previously unannounced venture funding. Discord, which currently has more than 100M monthly active users, […]

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Philadelphia-based esports infrastructure company Nerd Street Gamers secured a $10M USD Series B financing round Tuesday to support its “rapid growth through 2020 and beyond.” Participants in the investment included existing investors T1 co-owner Comcast Spectacor, discount store chain Five Below, as well as venture capital firms Elevate Capital and SeventySix Capital.  Nerd Street Gamers, […]

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Japanese esports content provider PlayBrain announced that it has closed a $6M USD Series A financing round, bringing the company’s total funds raised to $8M. Existing investor BITKRAFT Esports Ventures participated in the financing round. PlayBrain revealed that it plans to use the investment’s proceeds to grow its footprint, expand into additional esports and entertainment […]

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London-based esports organization Guild Esports staged its global launch, announced former professional soccer player David Beckham as co-owner, and is targeting a £25M GBP financing round, which would put the organization at a £100M valuation. Amongst the participants in the financing round are DB Ventures and Blue Star […]

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Portugal-based technology startup Replai announced that it has raised a €1.2M EUR seed investment led by early-stage venture firm Bright Pixel. Further investors that participated in the financing round included early-stage investment firm Ideias Glaciares, online advertising company Clever Advertising, alongside several business angels. The company intends to use the investment proceeds for […]

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Guild Esports, which counts David Beckham as one of its co-owners, has announced its worldwide launch. Guild Esports is based in London, UK, and is looking to develop a “traditional academy model” talent pipeline. According to a statement, the company requires scouts to “coach and develop the most talented players” so that it can continue with the operations in the FIFA, Fortnite and the Rocket League, which have to be […]

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hen Esports first started coming to prominence there were many traditional news outlets and sports media that simply were not buying into the idea that people playing video games competitively could neither garner mass appeal nor be financially viable. Those misconceptions have since been well and truly put to bed. However, for all the naysayers […]

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