2020 and 2021 Top Esports Deals and Investments – The National Law Review

2020 and 2021 Top Esports Deals and Investments – The National Law Review

Despite the coronavirus pandemic, the esports community has witnessed an explosive year of investment growth in 2020 and early 2021.  Here is a brief summary of just some of the more significant esports acquisitions and investment transactions over the past year.

As for significant investments, in August 2020, Bitkraft Ventures, a worldwide esports venture capital firm, raised $165 million to invest across esports, gaming, and interactive entertainment, closing well above its initial target of $125 million.  The Bitkraft fund was backed by investment firms including Carolwood, Declaration Partners and JS Capital, and corporate investors Logitech, and Advance.  Jen Hilgers, founding partner of Bitkraft, commented:  “At Bitkraft, we don’t just support forward-thinking entrepreneurs with capital, but also provide experience, resources, and our global network.”  Bitkraft seems well-poised to continue its influence on the esports world.

In September 2020, the Mobile Premier League (MPL), Asia’s largest mobile gaming and esports platform, raised
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