Esports Entertainment invests in Game Fund Partners’ VC arm
| By Marese O'Hagan
Esports Entertainment Group (EEG) has entered into a partnership with Game Fund Partners to become part of its venture capital arm, and a planned $300m (£217.6m/€253.4m) game fund.
As part of the agreement, EEG will invest an estimated $2m-worth of company shares into the 20% fund’s general partnership, as well as being involved in Game Fund Partners’ management and investment committee.
Through its involvement, EEG aims to explore several new projects and investment vehicles to accelerate its growth in sectors such as gaming, data, blockchain, igaming and joint casino-hotel investments.