Bayes Esports has announced the closing of a financing round of €6m ($6.25m), with US-based Las Vegas Sands and BITKRAFT Ventures named as the main investors.
Last year, the Berlin-based esports company raised €10m ($10.41m), with the figure expected to double in 2022.
Commenting on the funding round, Bayes Esports CEO and Managing Director, Martin Dachselt, stated: “We were looking for strategic investors who would work with us to professionalize the esports industry. Strong shareholders and sustainable growth are the basic requirements for an open ecosystem.”
With the new investment, Bayes Esports aims to double its strategic partnerships and investments in product development with 25 new hires.
COO and Managing Director Amir Mirzaee added that the firm is also focused on US expansion and licensing as a betting supplier in the US and Europe.
Speaking at SBC Summit North America last year, Dachselt reflected on the fundamental differences between esports data and traditional sports data.