A German firm specializing in esports data, Bayes Esports, recently closed a €6 million (roughly $6.2 million) financing round. The investment originates from a diverse group of notable individuals within the technology and gaming sectors.
This influx of funds is anticipated to propel the rapidly growing company to greater heights, with forecasts suggesting a twofold increase in their 2021 earnings, which already exceeded €10 million. Spearheading this funding round is the gaming behemoth, Las Vegas Sands, whom Bayes views as a strategic partner.
Joining them is Bitkraft Ventures, a venture capital group renowned for its strong interest in gaming, Web3, and immersive technologies.
Bayes CEO, Martin Dachselt, stressed the company’s calculated approach to this funding round, underscoring their aim to collaborate with investors who align with their goal of advancing esports towards enhanced professionalism.
“We’ve been proactively seeking strategic collaborators who not only have faith in our vision but are also enthusiastic about working in tandem with us to drive esports towards a more professional environment,” Dachselt remarked. “Securing the support of robust stakeholders and guaranteeing sustainable expansion are crucial for establishing an open and flourishing ecosystem.”
Guided by Dachselt and COO, Amir Mirzaee, Bayes Esports has evolved into a vital data source for professional esports events.
With a workforce of 50 individuals, the company currently caters to over 150 clients spanning various domains, including wagering, media, and esports entities. Their impressive client roster features industry leaders such as Google and bet365.
Looking forward, Mirzaee disclosed Bayes’ “sharp concentration” on penetrating the US market, harboring aspirations of becoming a licensed betting provider throughout both Europe and North America.
Early in the year, Bayes Esports Solutions strengthened their collaboration with ESL Gaming. The two entities are now cooperating across an expanded selection of games and are investigating novel applications for data and promotion.
Meanwhile in Las Vegas, the Sands Corporation experienced a challenging initial quarter, reporting a financial deficit of $478 million as indicated by their earnings statement issued in late April.
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