If successful, the company could reach a valuation of $6 billion.
Augmented reality company Magic Leap ballooned to $2.6 billion across seven investment rounds, with Japan’s largest mobile company Docomo responsible for the latest $280 million fund.
Akatsuki Entertainment Technology Fund, which already has investments in esports organization FaZe Clan and the mobile gaming app Bunch, has announced investments in cloud-based retail experiences, VR treatment for chronic pain, and an AI-based video editing system, among other ventures.
Will Smith invested in esports, Gen.G announced this week.
Skytree is mainly known for anime trading card games.
Two big celebrity investments top this week’s esports news.
The funding will be used to recruit talent and accelerate development of Polystream’s cloud-streaming technology.
The Xsolla Funding Club aims to give developers the support they need at every stage of a project’s life.
Helmed by former CCP Games CEO Ivar Kristjansson, 1939 Games is founded on the promise of bringing ‘authentic, premium WWII experiences to gamers.’
The venture capital company will focus heavily on esports monetization platforms, VR/AR, and more.
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