Your Gaming and Esports Update

Taylor Hurst
Sep 11 · 7 min read

Deals

Liberty Global CEO Invests in Veloce Esports

Eric Tveter, former Central Europe chief executive of Liberty Global, has become a major investor and the first chairman of London-based start-up Veloce Esports. This will be part of Veloce’s angel funding round which was recently closed as they prepare for their Series A. Veloce was founded by Formula E champion and ex-Formula One driver Jean-Eric Vergne alongside Rupert Svendsen-Cook and Jack Clarke. Veloce has won global esports championships such as the inaugural e-Race of Champions and Le Mans Esports Series; secured a number of international clients, running esports operations for F1 team Alfa Romeo Racing and Fernando Alonso’s FA Racing team; and attracted major partnerships with firms such as Logitech and BenQ.

SoStronk Raises Undisclosed Funding Round

SoStronk, a Bengaluru-based esports gaming platform has raised an undisclosed amount of funding from IP Ventures. Founded in 2016 by Prashant Prabhakar (CEO) and Karan Mishra (CTO), SoStronk is a tech platform in the esports industry, with its first product claiming to be a dominant ‘playing’ platform in the Indian and South East Asian markets. SoStronk empowers competitive gamers by bridging the gap between the game publishers and the user. It also provides tech infrastructure, support, and production to esports tournament organizers. SoStronk will utilize the funds for R&D and the expansion of the team, with a focus on marketing, development, and QA.

Razer Will Invest $7.2M into Singapore Esports

Min-Liang Tan, co-founder and CEO of Razer, announced he will be pouring S$10 million (US$7.2 million) into Singapore’s gaming scene over the next 12 months. “This funding will also go in part to Team Singapore, which we are supporting for the SEA Games (which we are also the official esports partner) later this year where esports will be, for the first time ever, a medalled sport,” Tan said in a Facebook post. Razer currently works with 18 professional esports teams collectively known as Team Razer, with players from over 25 countries. The Singapore- and US-based company also opened its new RazerStore in Las Vegas, its largest retail store to date that will also accommodate esports events in partnership with other industry players.

Luminosity Gaming parent company invests in Vancouver Titans

Enthusiast Gaming Holdings, the parent company of organization Luminosity Gaming, has acquired a non-controlling interest in Overwatch League franchise Vancouver Titans. The organization was previously involved with the franchise through a long-term management agreement with its owner, Aquilini Investment Group. Speaking on the merger ahead of this investment, Menashe Kestenbaum, President of Enthusiast Gaming said: “Our vision when we founded Enthusiast was to build the largest, vertically integrated esports and gaming company in the world. The merger with Aquilini GameCo and Luminosity was a strategic decision that positions us as a dominant player in the gaming industry and unlocks access to Luminosity’s 60 million dedicated esports fans and one of the largest esports franchises. I look forward to working with our new partners to continue to build and diversify Enthusiast Gaming across the esports, gaming and entertainment sectors.”

Updates

Intel World Open brings esports to 2020 Summer Olympics

Intel has announced the Intel World Open, an esports tournament that will take place on the lead up to the Tokyo 2020 Olympic Games in Japan. The tournament will feature Japan-based title Street Fighter V and Rocket League, with a total prize pool of $500,000 (£405,175) on the line. Intel, alongside ESL, hosted IEM PyeongChang around the time of the 2018 Winter Olympic Games in South Korea. The Intel World Open appears to be taking things to an unprecedented level, however. The tournament will begin with open qualifiers in early 2020, with a live qualifying event in Katowice, Poland following in June. The World Open itself will take place in Tokyo on July 22nd-24th leading up to the Olympics Games.

Nike debuts team kits for League of Legends Pro League

Nike has unveiled the official kits for the 16 teams that compete in the League of Legends Pro League (LPL). The deal was first announced back in February with a four-year partnership being penned between Nike and LPL organizer TJ Sports. Nike became the league’s official apparel and footwear partner. All jerseys have a similar design, with the Nike logo on the right side and a team logo on the left; each also features a chevron pattern on the chest. Invictus Gaming has a single gold star above its team logo to represent its victory at last year’s World Championship, too. The three LPL representatives at the World Championship — Invictus Gaming, FunPlus Phoenix, and Royal Never Give Up — will don their kits at the event, starting October 2nd.

Pro Play Esports launches online tournament platform

Mexican event organizer Pro Play Esports has launched with the aim of giving casual players a chance to compete for money and practice against other competitors. Pro Play Esports will host short tournament seasons every three months, regional leagues, and a ‘Grand Slam’ event that wraps up each season. The Lite version of the platform is free for anybody who wants to play, with over 30 online tournaments being hosted each week. Tournaments for Premium users dish out over $1,500 (£1,214.21) in winnings every week, with the service costing $3.99 (£3.23) a month.

New Game Releases (Credit: Gamespot)

Twitter: @taylor_konvoy

Konvoy Twitter: @KonvoyVentures

Konvoy Ventures

Esports & Video Gaming || Venture Capital

Taylor Hurst

Written by

Konvoy Ventures

Esports & Video Gaming || Venture Capital

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