Bayes Esports, a German esports data company, announced a new funding round led by PAC Capital, an independent asset manager based in Australia.
Image Credits | @BayesEsports Twitter
Bayes Esports raised €9m in total
As part of the raise, PAC Capital’s Chief Investment Officer, Clayton Larcombe, will replace German esports entrepreneur and founder of BITKRAFT Ventures Jens Hilgers as Chairman of the Board.
PAC manages multiple funds focused on investments made in the esports and gaming sectors, one of them being gambling site Picklebet where Larcombe is lead investor and Chairman of the company.
While the company didn’t reveal the exact amount of capital raised, according to Crunchbase, Bayes Esports has previously raised $6m in seed funding. With the latest investment, the total amount is up to €9m.
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The company is looking to expand its team and management
Bayes Esports announced that the company wants to use these funds for content partnership acquisitions and extensions, while also expanding its team and management. Bayes Esports recently hired its new COO, York Scheunemann, a former Google employee with more than 12 years of experience in the company. Further announcements are expected within the upcoming weeks.
Clayton Larcombe, Chairman of the Board for Bayes Esports, commented on the news: “The future of sports is esports. Esports is growing at such an incredibly fast pace that businesses active in esports need to be fast, agile, and, most importantly, innovative. Bayes Esports is a truly innovative business with the power and potential to lift the industry to new heights. Bayes is a significant investment in the fund and shows the commitment and belief of PAC to the esports and gaming sectors.”
Meanwhile, Amir Mirzaee, CCO & MD of the company, added: “Being able to secure this investment during a time where investors have grown more and more hesitant is a clear indication to us that we are on the right track and that our message of an ecosystem build around official data is resonating with the industry’s decision-makers. We have started strong in 2023, but there are a lot more announcements yet to come. We will continue to expand our lead as the premier source for esports in-game data and bring truly game-changing innovations to the industry.”
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