New Equity Venture International, also known as NEVI, has purchased Copenhagen Flames, an organisation that houses competitive rosters in Overwatch, Rocket League, PUBG, Super Smash Bros., and Hearthstone. NEVI invests in both listed and unlisted companies, helping to launch, develop, and support businesses.
As explained by Copenhagen Flames in its announcement, this acquisition will “enhance our financial capabilities” and “accelerate our current growth.”
Copenhagen Flames not only competes in multiple esports titles; it hosts tournaments and events, too. It plans to continue to organise, produce and plan events – including those for Cross Border Esport, a non-profit organisation that plans to develop esports in southern Denmark and across the border of Germany.
New Equity Venture International will also provide knowledge in organisational structure, business development, and strategic planning to the organisation. Both Steffen Thomas and Daniel Vorborg, who act as CEO and Head of Esports respectively, will retain their roles following the purchase. NEVI currently invests in a range of companies, including businesses that sell espresso machines to pharmaceutical brands.
Going beyond competing, Copenhagen Flames is also behind initiatives such as Scouting Grounds. Recently signing a partnership with Red Bull, the event was first hosted in May 2017 and saw unsigned talent and free agents compete for a chance to prove themselves and further their budding career in esports.
Esports Insider says: Copenhagen Flames has done some interesting things since its inception in 2016, acting beyond having teams competing. With the backing of a large investor such as NEVI, we’re looking forward to seeing how the organisation goes about expanding and developing its offering.