Esports Insider, Ltd. (ESI) and Deloitte Corporate Finance LLC (DCF) will team up in 2020 to provide their insights into investments in the esports industry.
At ESI New York on 27-28th April 2020, DCF will join a judging panel of The Clutch USA, which gives esports focused start-ups an opportunity to pitch to a panel of esports, and other, investors as well as the conference delegates in attendance. Later, DCF and ESI will jointly produce a series of articles analysing esports investment trends, which will be released in 2020 through the ESI website and its quarterly print publication, The Esports Journal.
According to DCF analysis, investment activity across the esports industry – $4.5 billion (US) in 2018 alone – has been significant in recent years. According to the 2019 Esports Survey, conducted by Foley & Lardner LLP, growth is expected to continue in the ecosystem of companies supporting teams and fans across different subsectors.
“We’ve seen rising transaction activity in the esports sector for several years now. To do what we can to foster that market’s growth, we’ll collaborate with ESI on analysing investment activity to date as well as key trends we’re seeing within it,” said Phil Colaco, Deloitte Global Corporate Finance leader and CEO, Deloitte Corporate Finance LLC.
Sam Cooke, Co-founder and Managing Director, at Esports Insider said of the collaboration: “Esports investment is at an all-time high. Businesses and potential stakeholders need to understand the risks and rewards and it’s important they’re receiving information from trusted sources. We couldn’t have hoped for a better collaborator than DCF. We’re thrilled to be able to strengthen our start-up pitch competition, The Clutch at ESI New York, for companies in need of funding and/or mentorship.”