German esports data company Bayes Esports has announced a new funding round, led by PAC Capital.
The investment brings the total amount raised by Bayes Esports to €9m (~£8m). As a part of the raise, Clayton Lacrombe, the Chief Investment Officer at PAC Capital, will join Bayes as Chairman of the Board, replacing BITKRAFT’s Jens Hilgers.
At this time, the esports data company has not revealed exactly how much capital was raised in the new funding. However, according to Crunchbase, Bayes Esports has previously raised $6m (~£4.98m) in seed funding.
Bayes Esports announced that the company wants to use the investment to fund content partnership acquisitions and extensions. The company also plans to extend its team and management. This means hiring more high-profile experts, such as York Scheunemann, Bayes Esports’ new COO. Bayes Esports announced that further details of the scaling will be made public in the coming weeks.
The new Chairman of the Board for Bayes Esports, Clayton Larcombe, is a notable figure in the esports investment space. Larcombe is the Chairman and lead investor of gambling site Picklebet and the founder of PAC Capital.
Clayton Larcombe, Chairman of the Board for Bayes Esports, commented on the news: “Bayes Esports is a truly innovative business with the power and potential to lift the industry to new heights. Bayes is a significant investment in the fund and shows the commitment and belief of PAC to the esports and gaming sectors.”
Meanwhile, Amir Mirzaee, CCO and MD of Bayes Esports, added: “Being able to secure this investment during a time where investors have grown more and more hesitant is a clear indication to us that we are on the right track and that our message of an ecosystem build around official data is resonating with the industry’s decision-makers.”