Bayes Esports recently announced it received a strategic investment worth over $6.4 million. This money will reportedly be used to hire at least 25 new team members while also doubling the company’s strategic partnership Portfolio.
Las Vegas Sands was the lead investor for this round. Additional participation also came from Bitkraft Ventures.
“We were looking for strategic investors who would work with us to professionalize the esports industry,” said Bayes Esports’ CEO, Martin Dachselt. “Strong shareholders and sustainable growth are the basic requirements for an open ecosystem.”
This is not the first major investment for Bayes. In 2021, the organization was able to raise $10.68 million. Bayes said that it plans to double this investment amount this year alone.
Bayes Esports is a gaming data company that provides information to tournament organizers, esports teams, and betting operators. The Berlin, Germany-based organization was founded in 2018.