Team Liquid Parent Company aXiomatic Raises $25M in Series B Funding

aXiomatic, which owns a controlling stake in Team Liquid, has raised $25M in series B investment. Bruce Karsh, executive board member of the Golden State Warriors and president of Oaktree Capital Management, led the round. Other backers include Ted Leonsis, … Read More

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TEO Monday Morning Briefing, 21/05/2018

Esports takes its next steps on a potential pathway to the Olympics, DreamHack adds a new co-CEO, and Immortals are the latest org to join up with Team Razer. Missed any of the biggest esports business news last week? The … Read More

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Quarterback Raises $2.5M in Seed Funding, Plans Expansion Into ‘Four to Five’ More Games

Esports fan engagement platform Quarterback raises $2.5M in seed funding. BITKRAFT Esports Ventures led the round, with other backers including Crest Capital Ventures, Deep Space Ventures, UpWest Labs and other angel investors. The platform uses computer vision, machine learning, and … Read More

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March Esports Investment Recap: A Billion Dollar Bet

The year is nowhere near from being over, but with more than $1B invested in esports-related companies last month, the industry likely reached its annual high already. Once again, it was the Chinese games market leader Tencent  that’s responsible for … Read More

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ESL and DreamHack Parent Company, MTG, to Split Into Two Listed Entities

MTG’s board has announced it will instigate the process to split the company in two. All shares in Nordic Entertainment Group to be distributed to MTG’s shareholders, and listed on Nasdaq Stockholm. Demerger follows withdrawn $2.5B offer from Danish telco … Read More

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Esports Nutrition Provider Runtime Raises 7-Digit Seed Round

Runtime, an esports startup focused on bringing nutrition products to the gamer market, has raised a seven-digit seed round, led by Everblue Management. Other participants include existing investor BITKRAFT Esports Ventures, along with Döhler Ventures, Food Angels Germany, and angel … Read More

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FanAI Receives $2.5 Million in Funding to Expand Esports Data Footprint

FanAI, an esports audience monetization platform, has announced that it has closed a $2.5 million funding round, totaling $4.5 million raised to date. According to Johannes Waldstein, founder & CEO of FanAI, the product “helps brands, teams, leagues, and sponsors … Read More

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High-Level Esports Executives Launch Communications Consultancy Firm

Three esports executives, with years of experience in the industry under their belt, have announced the launch of The Story Mob—a dedicated esports communication consultancy. Anna Rozwandowicz, formerly ESL’s VP of Communications at ESL, Nicola Piggot, formerly Riot Games’ communications … Read More

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