Mobalytics, a California-headquartered startup with Ukrainian roots, raised a $11.25 million Series A round led by Almaz Capital and Cabra VC, two international funds with connections in Eastern Europe. The other investors include HP Tech Ventures, General Catalyst, GGV Capital, RRE Ventures, Axiomatic and T1 Esports. Almaz Capital, Founders Fund, General Catalyst and GGV Capital …
Lev Leviev, a prominent Russian-Israeli tech investor, has led a $19 million for London-based eSports club Fnatic via his fund LVL1 Group. Investors Beringea, BlackPine, Unbound, Raptor Group and Joi Ito also took part in the round. The fresh funding will help Fnatic “continue its global expansion into Asia and North America, strengthen its involvement …
Russian-Israeli investor Lev Leviev invests in eSports giant Fnatic Read More
ESforce, a major eSports company acquired in early 2018 by Mail.ru Group, has sold SK Gaming, one of its key assets, to Daimler and football club FC Köln (FC Cologne). The terms of the transaction were not disclosed, but Russian business publication RBC wrote, based on company information, that its object was a 67% stake …
Confirming the appeal of eSports projects, Russian startup Learn 2 Play announced earlier this week that it raised nearly $1.1 million from a pool of venture funds and business angels. These investors, who have received a minority stake, include VC funds Buran and ru-Net, Anton Inshutin (InVentures Partners), Jarom Severson (Chess.com), Erik Allebest (Chess.com) and Lev …
eSports startup Learn 2 Play agrees up to $3 million investment plan with VCs and angels Read More
Update Sept. 27 – Having failed to reach its fundraising target, the BestMeta project is likely to be stopped, industry insiders told East-West Digital News. Still little known outside the gaming industry, eSports – these video gaming competitions usually involving professional players – is among the fastest-growing types of digital entertainment. In 2017, this activity generated …
Blockchain startup aims to free eSports from the control of major streaming platforms Read More
Just two months after the Russian cybersports market witnessed two major acquisitions and a $30 million ICO, Gosu.ai, a Russian-founded startup from this industry announced via Twitter that it attracted $1.9 million in funding. The round was led by Runa Capital, a VC fund with Russian roots, with participation from its existing investor Sistema VC, the venture arm …
Russian-Lithuanian startup Gosu.ai raises $1.9 million from Russian and French investors Read More
As ICO activity shows no sign of slow down in the region, Play2live has announced the completion of a token sale which it claims generated the equivalent of $30 million in less than two months. Launched last year, this startup with roots in Belarus and Russia offers an original approach to eSports in terms of …
Driven by industry boom, eSports startup Play2live raises $30 million in ICO Read More
The beginning of this year saw major moves on the Russian eSports scene, a sizable European market with established players operating globally. Thus, last week Mail.Ru Group — an LSE-listed Internet company which controls the largest Russian-language social networks and a range of online gaming companies — announced the full acquisition of ESforce. This company, …
2 acquisitions and 1 ICO: the Russian eSports market is heating up Read More
Last week MTS, a leading Russian mobile operator, announced the acquisition of Praliss Enterprises, the parent company of Gambit Esports, for an undisclosed amount. Gambit Esports has four teams (16 players in total) participating in the most popular cyber game disciplines: Counter-Strike: Global Offensive (CS:GO), League of Legends (LoL), Dota 2 and FIFA. Gambit Esports teams have repeatedly earned …
Gaming is one of Russia’s biggest industries, and Russia has the largest market for video games in Eastern Europe. In 2016, Russia’s gaming market was worth $1.4 billion, making it the 11th largest market in the world. This makes it no surprise that Russia would place second in the top five eSports countries in Europe. According …
Competitive video gaming (known as “eSports,” or “computer sports” in Russian) has gained significant traction in Russia over the past few years, with billionaire Alisher Usmanov announcing a $100 million investment in the industry and the government fully recognizing this sports discipline. A new initiative came earlier this month from Skoltech, a private graduate research university …
Skoltech partners with UK and US firms to launch eSports academy Read More
The Ministry of Sports of the Russian Federation officially recognized competitive video gaming (known as “eSports,” or “computer sports” in Russian) as a sport. The decision, published on June 3, will take effect on July 18, 2016. eSports will now benefit from support from the federal government while cyber-athletes will be able to receive such …
Competitive video gaming now officially a sport in Russia Read More
