$25.3M raised in disclosed esports investments in July 2020

As the esports industry continues to grow, so does the interest in owning a piece of the pie. Celebrities and venture capitalists are investing millions of pounds, companies are merging together to consolidate, and acquisitions are becoming pretty common, too.

To make things easier, Esports Insider has brought together the major esports investments, mergers, and acquisitions of July 2020, including $25.3 million (£19.3 million) in disclosed funding.

French organisation MCES raised €2.5 million (£2.26 million) through its Series A investment round.

The investment was closed in May and was funded by Région Sud Investissement, Lab Five, and over 20 angel investors.

French organisation MCES raised €2.5 million (£2.26 million) through its Series A investment round.

The investment was closed in May and was funded by Région Sud Investissement, Lab Five, and over 20 angel investors.

California-based esports analytics startup Mobalytics raised $11.25M (£8.78M) for its platform, which advises players of League of Legends and VALORANT.

There’s said to be over 7,000,000 players that use the platform to receive advice and information on gameplay in real-time.

Esports betting platform Luckbox confirmed its oversubscribed financing closed at $5 million CAD (£2.88 million).

The news came ahead of the company’s listing on the TSX Venture Exchange under the reserved ticker ‘LUCK,’ anticipated to be approved this fall.

Team organisation Veloce Esports announced that it had raised a new funding round, and will merge in its Veloce Racing brand going forward.

The Financial Times reported that the organisation raised £4 million in the round, which includes former Lloyds Development Capital CEO, Darryl Eales, currently co-chairman of Veloce Racing.

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