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VENN launches with $17M in seed funding

Video Game Entertainment & News Network (VENN), an esports network headed by Ariel Thorn and Ben Kusin, has been announced. The network, which is set to launch in 2020 with live studios in New York and Los Angeles, has raised $17 million (£13.61 million) in a seed funding round. Photo credit: VENN Kusin discussed the venture in a […]

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SoStronk announces funding from IP Ventures

Online gaming platform SoStronk has raised an undisclosed sum of money from IP Ventures in a funding round. The capital will be used for research and development and to expand its team. It’ll focus on recruitment, marketing, QA, and development. Image credit: SoStronk Tanmaya Vats, Investor at IP Ventures commented on the investment: “Esports is a […]

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Luminosity Gaming parent company invests in Vancouver Titans

Enthusiast Gaming Holdings, the parent company of organisation Luminosity Gaming, has acquired a non-controlling interest in Overwatch League franchise Vancouver Titans. The organisation was previously involved with the franchise through a long-term management agreement with its owner, Aquilini Investment Group. Photo credit: Overwatch League Vancouver Titans entered the Overwatch League ahead of the second season as […]

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LTN Global enters agreement to acquire Make.TV

Video transport solutions provider LTN Global has entered an agreement to acquire live video acquisition & management platform Make.TV. Financial details for the acquisition have not been disclosed at the time of writing. The release highlights how both companies will collaborate to provide customers with the ability to add transformation workflows. Logo credit: Make.TV Malik Khan, Co-founder and Executive Chairman of LTN Global commented […]

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Veloce Esports receives investment from Eric Tveter

London-based organisation Veloce Esports has received investment from Eric Tveter, former Central Europe CEO of Liberty Global. Tveter’s investment is part of an angel funding round for the organisation, though no financial details or additional information have been disclosed at the time of writing. Photo credit: Veloce Esports Rupert Svendsen-Cook, Business Director of Veloce Esports discussed the investment […]

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Razer commits £5.87M for esports development in Singapore

Gaming hardware company Razer has committed $10 million SGD (£5.87 million) towards the development of gaming and esports in Singapore over the next 12 months. The funds will be used for supporting Singapore-based esports teams, funding Team Singapore at the Southeast Asian Games, and investing in companies that are either in Singapore or founded by Singaporeans. Logo […]

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Godsent returns by merging with The Final Tribe

Swedish organisation Godsent has announced its return after it ceased operations in June 2018. The Final Tribe, another Swedish organisation, has acquired all of Godsent’s assets, rights, and accounts. Going forward, its players will represent the Godsent brand. Image credit: Godsent Godsent ceased its activities last year with the buyout of its CS:GO team by Red […]

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Enthusiast Gaming completes merger with Luminosity Gaming

Enthusiast Gaming Holdings has completed a merger with Aquilini GameCo, the parent company of Luminosity Gaming. The merger makes Enthusiast Gaming Holdings one of the largest publicly-traded companies in esports. It will trade on the TSX Venture Exchange (TSXV) from September 9th as ‘EGLX.’ Image credit: Enthusiast Gaming Menashe Kestenbaum, President of Enthusiast Gaming had this […]

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Team Flash secures $1.5 million in seed funding

Southeast Asian organisation Team Flash has secured $1.5 million (£1.24 million) in a seed round. The funding round was led by Singapore-based family office Octava, a company that has recently added esports as one of its investment verticals. Photo credit: Arena of Valor Terence Ting, CEO of Team Flash said of the investment: “With the rise […]