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        GRID renewed its partnership with tournament platformBLAST to provide data services and live streaming feeds for Counter-Strike 2 and Dota 2 events. This expands their 2018 collaboration, bringing BLAST's data and streaming feeds to the GRID platform. The deal includes developing data-driven products, integrity solutions, and monetization services for BLAST&rsquo;s partners, beginning with the BLAST Dota Slam in November. 
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    <a href="https://esportsinsider.com/2024/10/grid-blast-multi-year-data-deal">
      EsportsInsider 
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Esports

PROMINENT_CATEGORY

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 <p>GRID has renewed its partnership with BLAST for providing data services and live streaming for Counter-Strike 2 and Dota 2 events. This extension of their 2018 collaboration will enable BLAST's data and streaming feeds to be accessed on the GRID platform. The agreement also involves creating data-driven products, ensuring integrity solutions, and establishing monetization services for BLAST’s partners, starting with the BLAST Dota Slam in November.</p>
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GRID partners with BLAST for multi-year esports data and streaming collaboration

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 <p>Esports tournament platform, Challengermode, has raised approximately USD 2.5 million (SEK 27 million) in a funding round led by Back in Black Capital. Other participants in the funding round included Ballista Capital and Seeker. The raised funds will be used for Challengermode's expansion beyond the esports industry and to improve its offerings for game developers and AAA publishers. This expansion strategy is centered around the company's use of in-game technology. Additionally, Challengermode recently entered into a contract with an undisclosed AAA publisher.</p>
  
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Challengermode raises SEK 27 million in funding to support game developers

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 <p>Tournament platform Super League got a $1 million direct investment from AI and XR technology company Infinite Reality (iR) to fortify their strategic alliance. This funding will assist in integrating their technologies, thus broadening Super League's collection of audience-focused assets.</p>
 
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Super League receives USD 1 million in registered direct investment from Infinite Reality

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 <p>US sports investment firm, DCB Sports LLC has acquired Guild Esports for a sum of GBP 100,000 (~USD 128,700) in cash. DCB also took over over GBP 2 million (~USD 2.5 million) in liabilities. The acquisition is expected to provide working capital for evaluating future plans of Guild Esports PLC. A new entity, Guild Esports and Gaming Ltd, is set to hold all assets from the acquisition. This purchase marks DCB Sports' first investment in the esports sector, which adds to its previous investments in Venezia FC and The Bay Golf Club.</p>
 
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Guild Esports acquired by DCB Sports LLC for GBP 100,000 in acquisition deal

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 <p>The co-branded Dota 2 team partnership between G2 Esports and Invictus Gaming, initiated in late 2023 to establish G2's presence in China, and Dota 2 has ended. Despite placing in the top 16 at The International in 2024, the alliance had inconsistent outcomes. G2 aims to expand its Chinese fanbase further, while Invictus Gaming plans to concentrate on games like League of Legends, Counter-Strike, and PUBG.</p>
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G2 Esports and Invictus Gaming end Dota 2 partnership

INCUMBENTS_PRESENT

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 <p>The co-founder and CEO of Danish esports organization Astralis, Nikolaj Nyholm, has announced his decision to step down. CFO Jakob Hansen will take over as the interim CEO. Despite his resignation as CEO, Nyholm will continue to be a part of the board. Hansen, drawing upon his extensive financial experience spanning over 20 years, has been associated with Astralis since 2019.</p>

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Astralis CEO Nyholm steps down, Hansen named interim CEO

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 <p>Redwood has purchased a majority stake in Loco, an Indian game streaming platform, for USD 65 million. This investment has resulted in a complete exit for previous investors. Loco plans to use this investment to expand beyond India to markets where Twitch's presence is minimal. The platform allows gamers to stream a variety of games, including GTA V and Valorant.</p>
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Loco sells majority stake to Redwood to expand into international markets

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 <p>Riot Games is discontinuing the League of Legends Circuit: Oceania (LCO) as part of plans to restructure the esports format in Oceania. The company is considering a new competition circuit to link Oceania with the APAC League in 2025, thus incorporating teams from Asia. The alterations are designed to adjust to the dynamic nature of the esports landscape and utilize resources more effectively.</p>
 
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Riot Games reassesses League of Legends esports in Oceania

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 <p>Nerd Street raised USD 6 million in funding, spearheaded by Konvoy Ventures (USD 5 million) and some strategic investor (USD 1 million). The funding is intended for expansion of its esports infrastructure and collegiate venues. The company's plan entails partnering with universities like Temple and Maryville. After facing financial challenges in 2023, which included paying off a loan to Riot Games, the focus is shifting from tournaments to collegiate esports. Additionally, Nerd Street has also secured a partnership with PC peripherals manufacturer Higround.</p>
 
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Nerd Street raises USD 6 million in funding to expand infrastructure business

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 <p>BLAST is expanding into mobile esports with a new event called BLAST Bash. This event will feature popular games such as Clash of Clans, Clash Royale, and Brawl Stars. Both invited teams and those from open qualifiers are included in the event, which will follow different tournament formats. Winners of each tournament stand to gain a prize pool of USD 15,000. BLEAST's move into mobile esports is part of their larger diversification strategy which includes other game titles like CS2, Dota 2 and Rocket League.</p>
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All Updates

GRID partners with BLAST for multi-year esports data and streaming collaboration

Challengermode raises SEK 27 million in funding to support game developers

Super League receives USD 1 million in registered direct investment from Infinite Reality

Guild Esports acquired by DCB Sports LLC for GBP 100,000 in acquisition deal

G2 Esports and Invictus Gaming end Dota 2 partnership

Astralis CEO Nyholm steps down, Hansen named interim CEO

Loco sells majority stake to Redwood to expand into international markets

Riot Games reassesses League of Legends esports in Oceania

Nerd Street raises USD 6 million in funding to expand infrastructure business

BLAST expands into mobile esports with BLAST Bash event to diversify and enter esport circuits

Esports

GRID partners with BLAST for multi-year esports data and streaming collaboration

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