German esports data startup Bayes Esports has launched a new fundraising round sponsored by Australian independent asset management PAC Capital.
Bayes Esports Raised A Total Of €9m.
PAC Capital’s CIO, Clayton Larcombe, will replace German Esports entrepreneur and BITKRAFT Ventures founder Jens Hilgers as Chairman of the Board as part of the capital round.
PAC handles various funds devoted to investments in the esports and gaming industries. One is the gambling website Picklebet, where Larcombe is the principal investor and chairman.
According to Crunchbase, Bayes Esports has raised $6 million in seed funding. The company does not disclose the precise amount of funds raised. The current investment brings the total to €9 million.
The Company Wants To Increase Its Team And Management.
Bayes Esports intends to use these funds towards content partnership purchases and extensions and team and management expansion. It has hired York Scheunemann, a Google veteran with over 12 years of experience, to serve as COO. There will likely be other updates in the coming weeks.
Chairman of the Board for Bayes Esports, Clayton Larcombe, reacted on the news: “Esports is the future of sports. Esports is expanding rapidly, and esports-related businesses must be quick, flexible, and imaginative. Bayes Esports is a truly unique company with the ability and capability to elevate the industry to unprecedented heights. It is a substantial investment for the fund and demonstrates PAC’s commitment and faith in the esports and gaming industries.”
Amir Mirzaee, CCO & MD of the company, added: “The fact that we were able to secure this investment during a period in which investors have become increasingly hesitant is a clear hint that we are on the right path. Our message of an ecosystem built around official data resonates with the industry’s decision-makers.