Splyce gains $1.5m investment from The Ledger Group

Another major investment has come to esports as The Ledger Group out of Toronto, Ontario, Canada breaks a deal with Splyce in the form of $1.5m (£1.07m).

The Ledger Group re-brands to OverActive Media

The Ledger Group has already been slowly moving into esports with previous investments in gaming company Askott Entertainment and esports media company Enthusiast Gaming Inc. To move further, The Ledger Group also announced they will be re-branding to OverActive Media Group to better reflect its focus on esports. OverActive will further look to build, acquire or invest in esports franchises and related businesses as it shifts from an investment platform to an ownership platform with esports properties. 

“Our core thesis and enthusiasm for blockchain continues, however after extensive due diligence on the esports industry we are optimistic that it represents a significant opportunity for our shareholders,” said OverActive CEO, Adam Adamou.

Splyce is a common name in esports as a top level organisation with teams in League of Legends, Rocket League, CS:GO and Smite, just to name a few. It also holds deals with the Boston Celtics and investments from various Venture Capital groups with minority holdings. 

CEO and co-founder of Splyce Marty Strenczewilk explained to The Esports Observer he is excited to expand the brand to Canada: “Partnering with The Ledger Group opens opportunity in Toronto, a key market in the northeast for us.”

Esports Insider Says: As The Ledger Group has already made major investments into esports with Askott and Enthusiast Gaming it’s no surprise they’ve ventured into individual esports organisations. This is a big move both for the new OverActive Media and Splyce.