Mergers have been a big story as the funding markets have slowed. Get the latest on deals in gaming and sports. Two new funds were also announced to invest in gaming and entertainment startups. And you don’t want to miss news from Beyond The Game portfolio companies below.
Top Stories
Mergers Remain Hot in Gaming with Activity also in Several Sports Areas
🤝🏻 Legends pays $2.4Bn for stadium management firm ASM Global. Fox Factory obtains Marucci Sports in sports manufacturing deal for $572MM. Vivid Seats buys Vegas.com in $240MM ticketing match. Better Collective acquires Playmaker Capital in sports media tie up for EUR 176MM. PFL secures Bellator MMA in combat sports merger. Zelus adds TourIQ Golf analytics startup. Game Theory gets Matchday.ai sports analytics firm.
Additionally, the video game market continues to pop. Aonic snaps up VR games dev nDreams for $110MM. Gaming leader Sega Sammy grabs GAN for $107MM. Game developer Devolver Digital purchases System Era for $40MM. Atari buys Digital Eclipse for up to $20MM. Annapurna obtains 24 Bit Games.
Beyond The Game Portfolio Companies in the News
👏🏼Oura Ring hires from Apple Health. Audio Up announces podcast based on James Ellroy story on Audible. SportsIcon launches new AI fitness coach on WhatsApp. Eight Sleep CEO joins the 20VC podcast. Fan Controlled Sports founder on the Dealmakers podcast. Bold Journey website features W3 Studio. Beyond The Game Network highlighted on list of athlete career resources from Forefront Runners.
Tech news, capital raises, and more
💰 Transcend Fund closes $60MM and GFR Fund raises $53.5MM, both to invest in gaming and entertainment
🎧 Pocket FM in India adds $80MM for audio content here
🔫 Noice closes $21MM for multiplayer games and livestreaming more
📱 TapNation scores EUR 15MM for mobile games here
🥊 BHOUT gets EUR 10MM for connected boxing read
🎮 Matr1x grabs $10MM for NFT gaming more
💸 Meet new startups in MN Twins accelerator details
Athletes in the News
🏀 Iguodala’s new fund leads $9.7MM round for Allcity details
⚽ Messi joins KRU Esports as co-owner here
🏈 Former NFL QB Kizer on the Gen C podcast listen
Portfolio Company Job Postings
Eight Sleep (Fitness): Engineer and Design roles here
Oura (Fitness): Engineer and Product roles here
Future (Fitness): Performance Coach role here