Playbrain. Japanese esports events organiser PlayBrain has announced it’s received a $1.9m (£1.4m) seed round led by BITKRAFT Esports Ventures. PlayBrain will use the investment to scale up its team, accelerate growth and help support operation and commercialisation costs of the League of Legends Japan league (LJL). The investment also marks the first major western investment in esports in the Japanese market.
Tonk Tonk Games has raised $2 million in funding from Bitkraft Esports Ventures to build its uFighter mobile game, where you play as one of the fighters. The company wants to provide players with a more personalized play experience and high spectatorship, which is why it will put a cartoon version of your face on your fighting character.
The Action Network, a digital startup looking to capitalize on the spread of legal sports betting, completed a funding round that attracted team owners from baseball, basketball and hockey, along with the former owners of the Ultimate Fighting Championship.
Network Next announced today that is has raised $4.4 million in seed funding to create the “internet fast lane for online games and other interactive content.” Bitkraft Esports Ventures led the funding, with additional investment coming from Bain Capital Ventures, Velo Partners, and the independent game developer Psyonix, the maker of the hit cross-platform game Rocket League (think futuristic car soccer). Network Next also announced that Psyonix has signed on as Network Next’s first game customer.