MTG Announces USD 11 Million in Investments in Gaming & Esports Startups
Modern Times Group MTG AB, the Swedish operational investment company focusing on the most promising Gaming & Esports entertainment opportunities worldwide, announced its latest VC Fund investments.
In 2018 there were about 2.4 billion video game players in the world, but industry analysts expect that number to grow to 2.9 billion as early as 2022 (Source: Newzoo) – and the global esports audience reached 395 million in 2018 and is expected to grow to 645 million by 2022 (Source: AT Kearney).
Recommended: Qwinix Becomes a Google Cloud Partner
More Details:
- Investments in 1H 2019 amount to a total of USD 11 million including capital commitments and span start-up and growth companies in the United States and Germany.
- MTG has to date made 20 investments in 16 companies totaling USD 21 million thus far from its VC fund to complement its majority stake investments in companies like ESL and DreamHack in esports and Kongregate and InnoGames in gaming.
- MTG has its HQ in Stockholm, Sweden, and operates through itself and through its portfolio companies in 30+ countries worldwide.
Among the investments are Redwood City-based Dorian, Austin based game developer Tonk Tonk Games, gamer rewards platform Playfull from Los Angeles, German game studio Sviper founded by Ex-InnoGamers and San Diego-based GoMeta, totaling USD 11 million in 1H 2019.
MTG owns 100 percent of Swedish DreamHack and over 82 percent of German founded ESL, the two largest brands in esports worldwide. Its largest VC investments in terms of estimated value are BITKRAFT fund LP positions, AppOnboard, Phoenix Labs, the Play Ventures fund LP position and Sviper. It also owns majority positions in San Francisco-based game studio and publisher Kongregate and German game developer and publisher InnoGames, famous for its hit game Forge of Empires launched 2012 that recently surpassed EUR 500 million in lifetime revenue.
Read Also: Google’s Cloud AI Partners and How They Solve Big Problems
“Gaming & Esports is the future of entertainment, and we are excited to invest in what we believe are seven of the most promising early-stage startups with excellent teams, products, and ideas”, says Jørgen Madsen Lindemann, President, and CEO of MTG.
MTG AB complements its majority stake investments with seed and Series A round investments in early-stage start-ups in gaming and esports through the MTG VC Fund. The ambition is to make 8-10 deals per year: 60 percent in gaming, 30 percent in esports and 10 percent in AR/VR through lead or co-invests with other top VC’s. Since the launch of MTG’s VC Fund in November 2017, the fund has made 20 investments in 16 companies.
“We are already seeing attractive valuation upticks based on latest financing rounds in our investments, such as Phoenix Labs, AppOnboard and the BITKRAFT seed fund. Deal flow and value creation opportunities continue to improve now that we have established MTG as a leading game & esports VC in the West”, says Arnd Benninghoff, EVP esports and games at MTG.
Phoenix Labs recently released its first game in Epic store, AppOnboard recently acquired a no code game creation platform and the BITKRAFT seed fund recently realized an attractive exit of portfolio company The Esports Observer.
Good blog! I truly love how it is simple on my eyes and the data are well written. I am wondering how I might be notified whenever a new post has been made. I have subscribed to your feed which must do the trick! Have a nice day!
I do not even know the way I ended up here, but I believed this submit was once great. I don’t recognise who you might be but definitely you’re going to a famous blogger for those who aren’t already 😉 Cheers!
I have been examinating out a few of your posts and i can claim pretty nice stuff. I will make sure to bookmark your website.
Very interesting details you have noted, thanks for putting up. “There is nothing in a caterpillar that tells you it’s going to be a butterfly.” by Richard Buckminster Fuller.
I have been examinating out some of your posts and i can state clever stuff. I will make sure to bookmark your website.
Innovative copper recycling Copper scrap environmental best practices Scrap metal trade associations
Scrap Copper cable, Metal recycling and redistribution, Copper rod scrap buying
Hey there! I’ve been reading your weblog for some time now and finally got the courage to go ahead and give you a shout out from New Caney Tx! Just wanted to tell you keep up the good work!
Aw, this was a really nice post. In thought I would like to put in writing like this additionally – taking time and precise effort to make an excellent article… but what can I say… I procrastinate alot and certainly not appear to get something done.
Simply a smiling visitor here to share the love (:, btw outstanding design and style. “Individuals may form communities, but it is institutions alone that can create a nation.” by Benjamin Disraeli.
I believe you have mentioned some very interesting points, regards for the post.
Hi, i read your blog occasionally and i own a similar one and i was just curious if you get a lot of spam remarks? If so how do you stop it, any plugin or anything you can advise? I get so much lately it’s driving me crazy so any assistance is very much appreciated.
Hi, I think your site might be having browser compatibility issues. When I look at your website in Safari, it looks fine but when opening in Internet Explorer, it has some overlapping. I just wanted to give you a quick heads up! Other then that, fantastic blog!
What Is Puravive? Puravive is a w********** supplement that works to treat obesity by speeding up metabolism and fat-burning naturally.
Great V I should definitely pronounce, impressed with your site. I had no trouble navigating through all tabs as well as related info ended up being truly easy to do to access. I recently found what I hoped for before you know it in the least. Reasonably unusual. Is likely to appreciate it for those who add forums or something, website theme . a tones way for your client to communicate. Nice task..
Appreciate it for helping out, excellent information. “If you would convince a man that he does wrong, do right. Men will believe what they see.” by Henry David Thoreau.
You really make it seem really easy with your presentation but I in finding this matter to be actually something that I think I’d never understand. It sort of feels too complicated and very wide for me. I’m taking a look ahead for your next post, I?¦ll attempt to get the dangle of it!
Howdy just wanted to give you a brief heads up and let you know a few of the pictures aren’t loading correctly. I’m not sure why but I think its a linking issue. I’ve tried it in two different internet browsers and both show the same outcome.
Thank you for the sensible critique. Me & my neighbor were just preparing to do some research about this. We got a grab a book from our area library but I think I learned more clear from this post. I am very glad to see such excellent info being shared freely out there.
I like this site so much, saved to fav. “I don’t care what is written about me so long as it isn’t true.” by Dorothy Parker.
I’m impressed, I must say. Actually rarely do I encounter a weblog that’s both educative and entertaining, and let me let you know, you’ve got hit the nail on the head. Your idea is excellent; the issue is something that not enough persons are talking intelligently about. I’m very completely satisfied that I stumbled across this in my search for one thing regarding this.
Great post. I was checking constantly this blog and I’m impressed! Extremely useful information particularly the last part 🙂 I care for such information a lot. I was looking for this particular info for a very long time. Thank you and good luck.
Woh I enjoy your articles, saved to bookmarks! .
You have brought up a very superb details , regards for the post.
I dugg some of you post as I cerebrated they were invaluable invaluable
What is Renew? Renew is a dietary supplement designed to support blood flow while also aiming to boost testosterone levels andprovide an explosive energy drive
You can certainly see your expertise in the paintings you write. The world hopes for more passionate writers such as you who aren’t afraid to say how they believe. At all times follow your heart.
It’s the best time to make some plans for the future and it’s time to be happy. I have read this post and if I could I desire to suggest you some interesting things or suggestions. Maybe you can write next articles referring to this article. I desire to read even more things about it!
I love it when people come together and share opinions, great blog, keep it up.
Very interesting subject, thank you for putting
up.Raise blog range
I conceive this website contains some rattling good information for everyone : D.
Some truly nice and useful information on this site, as well I conceive the layout contains superb features.