Esports Entertainment Group, Inc. just announced an agreement with Game Fund Partners LLC to take a 20% stake in Game Fund
The initial sake, $2 million, could grow. Esports will become part of Game Fund’s venture capital arm, as part of a planned $300 million gaming fund.
Grant Johnson, CEO of Esports said, “We are pleased to be a part of this rapidly growing investment fund that is involved in so many excellent projects in the gaming space and beyond… This partnership opens up a new path for substantial growth and added economic firepower for the company,”
2021 is now looking to be the largest year for private investment, M&A and public investment in the history of the gaming industry. The first half of the year has already seen more deals than all of 2020 combined.
Smaller companies are now being targeted by larger firms in hopes of rapidly expanding both reach and market share.
Read more about the Esports agreement with Game Fund, HERE
Source: https://finance.yahoo.com/news/esports-entertainment-group-becomes-20-123000090.html