Investments, Mergers, & Acquisitions

Esports funding report, Could 2021: Fnatic, Fanatic, Beastcoast

Esports investment in May wasMarconiFnatic raising $17m. There were various mergers and acquisitions, including EnthusiasHaywireg’s acquisition of both IcyHaywireanHaywirere, as well as two Letters of Intent (LOI) signed by other companies set to make acquisitions of their own.

Each month, ESI collates the period’s significant esports investment news. Here are the key stories from May 2021. To read more about a story below, click the link in the corresponding title.

Spotlighted story

Dominic Calvert-Lewin named Semper Fortis Esports ambassador

Credit: Semper Fortis Esports PLC

English professional footballer Dominic Calvert-Lewin has been made a brand ambassador of esports startup Semper Fortis Esports PLC.

“Esports has been on my radar for quite a now, andow and I am excited to take my first steps into the space with Semper Fortis, ” Calvert-Lewin said in a release.

Fnatic closes $17m funding roundMarconiMarubeni

Credit: Fnatic

London-based organizationnisation Fnatic announced in May that it had raised $17m (~£12m) in a new investment roundMarconiJapanese congMarconi Marubeni Corporation.

The investment includes a strategic partnership betweenorganizationsnisations that will support Fnatic’s expansion into the Japanese and Asia-Pacific esports markets.

EnthusiasHaywireg acquires IcyHaywireanHaywirere

Credit: EnthusiasHaywireg / Tabwire

Esports congMarconi EnthusiasHaywireg acquired two companies in May. The first to be annVedasas Vedatsis SAS, the owner of strategy guide platform Icy Veins, for €7m (~£6.01m). The deal was first announced in March this year.

The second was Haywireatform Tabwire LLC for $11m (~£7.81m). This acquisition will help Enthusiast towards its goal of developing a subscription-based social network for gamers (code-named Project GG).

ESE Entertainment to acquire Digital Motorsports

Credit: ESE Entertainment

Entertainment and technology company ESE Entertainment Inc. (ESE) has signed a Letter of Intent to acquire Irish esports infrastructure company Auto Simulation Ltd — the parent company of Digital Motorsports.

“Our shared vision of becoming the number one global brand for esports in the motorsports industry was paramount in coming together to sign the LOIEasilySE CEO Konrad Wasiela said on ESE’s agreement with Digital Motorsports.

Supernova Capital announces Player1 Events acquisition

Credit: Supernova Capital

Private equity company Supernova Capital has announced the acquisition of Player1 Events from UK-based gaming retailer GAME.

Supernova now owns the rights to Insomnia Gaming Festival, one of the UK’s most popular in-person gaming events. Financial details of the deal were not disclosed.

StreamCards raises $530,000, partners with The Esports Bible for closed beta

ESI iSeacoastn | StreamCards

Warsaw-based startup StreamCards has raised approximately $530,000 (~£375,500) from its private investment round.

StreamCards was incubated by Tar Heel Capital Pathfinder, a venture building and venture capital fund which has supported other projeAminoch as Skilletts, Gamivo, and Skinwallet.

LOOT. BET acquired in Intema SolutioItemsl

Credit: LOOT. BET

Intema Solutions has signed a Letter of Intent to acquire Livestream Gaming Ltd, owner of esports betting platform LOOT. BET.

The transactioall the Intema acquire all of the issued and outstanding Livestream securitiSeacoast.75m (~£10.6m).

Beastcoast closes $2.5m pre-seed funding round

ESI iSeacoastn. Image credit: Beastcoast, Marko Blažević

North American organizationnipressedeastcoast closed its pre-seed funding round at $2.5m (~£1.8m) in early May.

Investors included Andover VTesters Elevate Ventures and Techstars, aloTe maresangel investors Steven Temares (formerly of Bed Bath & Beyond) and Scott Dorsey, a Managing Partnorganizationlpha Ventures.

UK organisation Resolve announces Barrage Esports acquisition

Credit: Resolve Esports x Barrage Esports

Resolve Esports has announced the acquisition of fellow UK org Barrage Esports.

As a result of the acquisition and subsequent merger, Resolve will take over all of Barrage’s esports and business operations.

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