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WILL SMITH & KEISUKE HONDA INVESTS AS GEN. G ESPORTS RAISES $46 MILLION

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Gen. G esports org. raises $46 million from investors inc. Will Smith and Keisuke Honda, and appoints new President of Strategic Partnerships.

Gen.G, the global esports organisation, has announced an impressive $46 million funding round, including investments from the Dreamers Fund – set up by Hollywood A-lister Will Smith and Japanese soccer player Keisuke Honda.

Other notable investors in this latest round include Dennis Wong, minority owner of Los Angeles Clippers, Michael Zeisser, former Chairman of US Investments Alibaba Group, and David Rogier,  MasterClass Co-Founder and CEO.

As to be expected, other VC firms also got in on the action with investments from New Enterprise Associates (NEA), Conductive Ventures, Battery Ventures, Canaan Partners, and SVB Capital, in addition to Stanford University.

The esports organisation is building quite a high-profile backing, with Smith and Honda joining two-time NBA Champion and current Gen.G Player Management Advisor Chris Bosh.

Commenting on the Dreamers Fund investment, former AC Milan and Japan midfielder, Keisuke Honda, said:

“I am excited that Dreamers Fund, the fund that I co-launched with Will Smith, is now investing in Gen.G. Esports is not yet big in Japan, but we are seeing tremendous growth there and globally, which is very positive.

“We decided to invest in Gen. G because of their incredible team and grand vision to become a leader in the space. We truly look forward to working with Gen.G to boost the esports industry around the world.”

According to Gen.G, the new capital will help the organisation expand its global footprint, help develop Gen.G’s youth esports academy program, and support the launch of the organisation’s new Los Angeles HQ (planned to open in July this year).

Thanking the latest round of enthusiastic investors Gen.G’s CEO, Chris Park, said:

“We are grateful for the support of a remarkable group of investors that is as diverse as the future of esports itself. Our partners in this round share Gen.G’s mission to reimagine sports entertainment as only an authentically global esports organisation can.”

Silicon Valley Bank (SVB), Gen.G’s banking partner, helped find investors provided counsel, and is expected to work with the esports organisation on a variety of upcoming events and content over the next couple of years.

Discussing the funding round Chief Operating Officer at Gen.G, Arnold Hur, said:

 “This is an incredible step for Gen.G and the vision we have for the organisation.

“With the support of our new investors, we’re excited to bring several priorities to fruition including our LA headquarters, our continued expansion into China, our always evolving player development academy programs and a big priority for us in 2020, which is hosting Dynasty matches in Seoul! There is a lot of work to be done, and we are very proud to have these investors on our team.”

At the same time as announcing the new funding, Gen.G also revealed that Martin Kim, former director of international business development and marketing at Major League Baseball (MLB), has been appointed as President of Strategic Partnerships. Kim has also previously managed corporate and international partnerships for the Los Angeles Dodgers.

AYO.NEWS says:

Gen.G is certainly proving its adept at big business as well as esports, and drawing in celebrities like Will Smith is going to be a valuable PR boost for the organisation. With such significant financial backing it seems likely the Gen.G will be eying a pricey Call of Duty franchise slot. Its also interesting to see yet more traditional sports business professionals, like Martin Kim, make the move to esports – well, they do say “follow the money.”

 

 

 

Esports

LEXUS SUPPORTS ESPORTS AWARDS FOR THIRD CONSECUTIVE YEAR

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Luxury carmaker Lexus is returning to support the Esports Awards for a third year running

As Official Auto Partner of the awards, the company will be working with the Esports Awards on a number of activations that incorporate their vehicles. Lexus will also sponsor both the Esports Organisation of the Year and Streamer of the Year awards. 

Lexus made its esports debut with the Esports Awards in 2019, when it provided several supercars from blockbuster movies, which took centre stage at the Esports Stadium Arlington. Last year, the carmaker collaborated on exclusive content as part of the highly successful virtual ceremony. 

“It’s an honour to be able to welcome Lexus as a partner for the third year in a row. After supporting us through a successful virtual ceremony last year, it speaks volumes that Lexus has once again committed to going all-in and driving the esports ecosystem forward. Both of our brands focus on prestige and excellence, and I look forward to showcases our joint values as we return to a physical event in November,” said Michael Ashford, Managing Director, Esports Awards.

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REKTGLOBAL BRINGS TOP GAMING TALENT TO INFINITY FESTIVAL 2021

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ReKTGlobal, the digital entertainment and esports organization, has been named one of the official presenters of gaming content at the 2021 Infinity Festival. 

On 3 November, superstar gaming creators Ally Battaggia (a.k.a TheGeekEntry) and Gabby Murray will join Stove’s Kitchen and Paul Shaw in a panel exploring the content creator economy. In addition, ReKTGlobal CCO Kevin Knocke will share his unique expertise in a panel on esports.   

Battaggia, who has a growing following across social media, took on streaming during lockdown, joining the fan-favorite NoPIxel GTA RP server. Since then, she’s become a mainstay participant, even crafting a NFT/TCG collection from her beloved GTA RP character. With 9.6M social media followers, Murray has built a fanbase as a multi-talented lifestyle and gaming content creator, with a Discord community that is expanding by the day.

Top gaming creator Stove’s Kitchen (whose real name is Steven Cho), part of the Team RAR (Rare and Ridiculous) internet group, has a devout fan following on his YouTube channel, where he posts gaming and challenge videos. Meanwhile, Shaw oversees Special Projects at TalentX Entertainment, a subsidiary of ReKTGlobal. The four will join forces for Making a Living as a Content Creator: Much More Than Gaming — a panel that explores what sets livestream content monetization and strategy apart from pre-produced content. 

Also on 3 November, Knocke will take part in an esports panel with Darin Kwilinski, Lead Content Producer at IGN Entertainment, and Amanda Solomon, CEO at Tyrus Talent Management. The panel, Esports or Esports? Does It Matter? will break down misconceptions about esports to separate the hype from actual substance. 

Knocke, who has been competitively gaming since he was a kid, has years of involvement with high profile companies and events in the esports business – specifically Blizzard Entertainment, IGN, SiriusXM, Sony, South by Southwest, E3, PAX, and Ubisoft — giving him a broad perspective on the industry. Before joining IGN, Kwilinski, a lifelong gamer, was a senior editor for esports at ESPN, establishing its vision and voice. Solomon is an executive with a well of expertise in the strategic sales and partnerships realm, specializing in esports, gaming, and talent. 

Now in its exciting fourth year, the forward-focused Infinity Festival is the place where Hollywood meets Silicon Valley. The multi-day annual event, held in Los Angeles, brings together Hollywood’s finest storytelling talent with the innovative creators of cutting-edge technology. For 2021, Infinity Festival will blend in-person and virtual events for a unique hybrid experience. 

The in-person portion will be held in several adjacent Hollywood locations with most events happening at Goya Studios and the Dream Hotel; the online component will be presented through the easy-to-use FNvirtual event platform. The festival will continue its theme of “Story Enabled by Technology” with an entirely new slate of innovative programming, including industry-leading speakers, panel discussions, an exhibition hall, innovation labs, and a fine art gallery, each with an emerging-tech focus.

For tickets and additional information, visit infinityfestival.com.

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TEAM SINGULARITY TO LAUNCH FAN TOKENS VIA BLOCKSPORT

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Danish esports organisation Team Singularity has extended its partnership with Swiss fan engagement platform Blocksport.

The multi-year agreement will see the launch of the $SNG Fan Token, giving holders access to unique opportunities to influence team-related decisions, enter the fast-track at SNG Academy, access exclusive content, train with professional esports athletes and more.

$SNG Fan Tokens are expected to launch in December 2021 with a supply of 3M, and will be priced at €1 each in the initial sale.

Commenting on the news, Atle S. Stehouwer, CEO and Founder of Team Singularity, said: “I am happy that our partnership with Blocksport is officially extended and we can finally announce the next step in our collaboration.”

Vladimir Liulka, CEO and Co-Founder of Blocksport, added: “We are happy to extend our exclusive partnership with Team Singularity and launch $SNG Fan Token for their fans. Singularity has a global and awesome fan community. The Token opens up a new world – an environment in which they have the chance to be very close to their favorites players and team”.

Team Singularity currently fields rosters in CS:GO, Fortnite, Rocket League, League of Legends, FIFA, Apex Legends, Rainbow Six, VALORANT, Free Fire, Teamfight Tactics, Hearthstone, Quake, League of Legends Wild Rift, Call of Duty, Call of Duty Mobile, Call of Duty Warzone, PUBG, PUBG Mobile, DOTA 2, Overwatch, Heroes of the Storm, Battalion 1944, H1Z1, Tekken7, Rogue Company, Brawlhalla, and Clash Royale.  In addition to Blocksport, the organisation has commercial partnerships with PWC, Pluck GG, Raven, SCUF, KontrolFreek, Randers FC, Esportal, Challengermode, MYESPORTSCARD, and MYFUTCARD. 

Staying with esports and Blocksport.io, just yesterday we reported the platform had partnered with Jordanian sim motorsports organisation Desert Fox Racing. 

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