Persimmon Hill

Ventek Ventures is a early stage venture capital firm which focuses on capturing sustainable markets in the US, China and South East Asia.

Ventek Ventures

Ayre Group is a multinational investment firm that invests in cutting-edge businesses and technologies. Ayre Group invests in real estate, blockchain technology, media, publishing, health and wellness, and travel and leisure.

Ayre Group

FYX Gaming

FYX Gaming is an eSports infrastructure and technology provider that develops and implements blockchain technologies. It uses the Bitcoin SV (BSV) blockchain for players’ game records and cash rewards and says it has created a unique experience with advantages for players and developers.

FYX operates a decentralized esports platform powered by blockchain. The company’s gaming platform uses blockchain to store game data which increases transparency of tournament results. The platform offers skill based tournaments and live broadcasting. In addition, the company owns ‘CryptoFights’, a 3D game on blockchain.

A foundational component to the next generation of digital entertainment.

Esports

FYX Gaming announces follow-on seed round financing

FYX operates a decentralized esports platform powered by blockchain. The company’s gaming platform uses blockchain to store game data which increases transparency of tournament results. The platform offers skill based tournaments and live broadcasting. In addition, the company owns ‘CryptoFights’, a 3D game on blockchain.The company rebranded (February 2021) and developed a competitive eSports platform, FYX. The platform uses Bitcoin SV (BSV) blockchain technology for game records and cash prizes. It will initially launch in 41 states across the US in 2021.FYX Gaming announced a follow-on seed funding round, with commitments from Ventek Ventures and Ayre Ventures, in October 2021. The company is also open to new investors joining the ongoing funding round. The fresh funds are expected to be funneled into product development and platform infrastructure to handle additional user traffic. The company also plans to close its Series A funding next year. The planned fundraise follows a similar round in September 2021 where FYX Gaming raised USD 1.35 million in debt funding.

Stakester is a platform for gamers to compete against one another for cash prizes. The platform was launched in May 2020 and is currently available in 38 US states, the UK, and Singapore. As of November 2020, the platform has more than 15,000 users. Stakester has also established partnerships with ESL (Electronic Sports League) and GameByte (competitive gaming community).Stakester’s management includes Gary J. Foreman (co-founder of Rockstar Games) and Alan Patmore (former EVP and GM at Humble Bundle, GM of Mafia Wars and CityVille at Zynga), who joined as a strategic advisor and board member in June 2020.In November 2020, the company raised USD 2.7 million in seed funding led by RTP Global with participation from angel investors Jens Lapinski (CEO of Angel Invest and former MD of Techstars) and Chris Adelsbach (founding partner at Outrun Ventures and venture partner at Techstars). The funds will be used to grow its community by increasing the value of prizes on the platform. In addition, the company plans to expand its platform to Australia and Germany in the near future.

Stakester

Peru-based ESGPlay operates an esports platform that creates competitive esports tournaments.

ESGPlay

eMasters is a Brazilian esports platform that facilitates the creation of esports competitions with cash prizes. The platform supports games including League of Legends, Dota 2, and FIFA 19.

eMasters

Gaming Frog is a console based online esports tournament platform. The platform offers single player and multiplayer competitive matchups for cash prizes in FIFA.The platform officially launched in August 2019 and since has seen over 1,500 matches being played on the platform.Since launch, the platform claims to have attracted 3,500 users. The company has raised USD 150,000 from friends and family and is in the process of raising a USD 400,000 seed round. The company outlined plans to launch on Android, expand its development team, integrate artificial intelligence (AI), introduce a membership model and bring in NBA and Madden games into the platform.

Gaming Frog

NAG Studios is a Swedish startup focused on creating esports games and platforms. It was founded by esports and gaming industry veterans Peter Stahl (former head of development at Resolution Games, a game studio focused on augmented and virtual reality) and Johan Skott (former esports product owner at Tobii Tech, a unit of technology company Tobii AB). NAG’s vision entails building an esports game and platform which will incorporate the community (i.e., professional players, streamers, broadcasters, and viewers) from the beginning of the development process.The company raised USD 1 million in an extended pre-seed funding round led by London Venture Partners in October 2020. The company aims to use the funds to build its development team.

NAG Studios

Companies facilitating communication among esports players or between players and esports communities during gameplay.

Companies operating esports arenas and providing technical expertise for hosting and broadcasting competitive leagues and tournaments. 

Companies facilitating competitive online and in-person esports tournaments.

Companies producing and broadcasting esports related content.

Companies recruiting players to form professional teams and rosters for esports tournaments and leagues.

Companies developing esports related titles.

Commonly used in the tournament platforms segment to match players of equal skill

FYX Gaming

About EDGE

Contact Us

Resources

Area of Focus

Technology Research Made Effortless