LONDON | NEW YORK | May 12th, 2021 – Drake Star Partners is pleased to release the April 2021 edition of its Global Sports Tech Industry Update. This monthly newsletter gives a summary of the key industry news and insights that prevailed in April and includes an exclusive interview with Moritz Maurer, Founder & CEO of GRID esports. As well as;
• Key industry news including;
o U.K. betting firm Genius Sports goes public in $1.5bn SPAC merger
o OverActive Media reached a definitive agreement to acquire Abigail Capital for $38m through a reverse merger
o IOC announces Olympic Virtual Series launch for Summer 2021
o Topps is going public in $1.2bn SPAC deal after debuting its first MLB baseball card NFT collection
o Minnesota Twins Accelerator by Techstars to launch 30 sports-tech-entertainment startups
• Insight on the more notable M&A and fundraising deals in April; Sony New Media Solutions, FITE, Sports Systems, Fiture, Tempo, GRID esports, Overtime
• The updated list of top 10 largest M&A and fundraising deals year to date,
• An update on the current trading valuation across the ecosystem; and
• Tracking esports viewership globally; hours watched up 9% vs. February
The newsletter also includes our updated Sports Tech industry map.
Drake Star Partners Sports Tech Team:
Gregory Bedrosian, Eric Ward, Michel Metzger, James Burrow, Mathilde Deschamps
Enquiries
For further enquiries, please contact:
Gregory Bedrosian
Managing Partner & CEO | Drake Star Partners
gregory.bedrosian@drakestar.com
Eric Ward
Partner | Drake Star Partners
eric.ward@drakestar.com
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