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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Riot Games Joins $1.2M Funding Round for Mobile Studio Gamelynx

Competitive mobile game developer Gamelynx announces $1.2M funding round. Investors include Riot Games, Y Combinator, and Skycatcher Fund. Launch details for first multiplayer title to surface later this year. Gamelynx, an indie game developer based out of Santa Monica, has … 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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Edward Gaming Closes $15.7M Funding Round, Co-Led by Firm of Former NBA Player

Chinese esports organization Edward Gaming closes a pre-A funding round close to 100M yuan ($15.7M). The round was co-led by Yao Capital, the private equity firm co-founded by NBA hall of famer Yao Ming. EDG plays in China’s LPL and … Read More

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MTS Acquisition of Gambit Esports’ Parent Company Valued at Roughly $5M

A Mobile TeleSystems (MTS) representative has disclosed the value of the company’s acquisition of Praliss Enterprises at 313M RUB (~$5M). Praliss Enterprises was acquired back in December last year, and is the parent company of team organization Gambit Esports. MTS … Read More

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