Bayes Esports, an esports data firm headquartered in Berlin, has raised €6 million (around $6.2 million) in a strategic funding round. This capital infusion comes from major stakeholders in the technology and gaming industries, including a substantial investment from casino powerhouse Las Vegas Sands Corp.
This financial backing demonstrates strong belief in Bayes Esports, which has achieved impressive expansion, surpassing €1 million in revenue in 2021 and anticipating a doubling of that amount this year. The company intends to utilize this funding to further cement its status as a premier provider of dependable and precise esports data, particularly within the flourishing esports wagering market.
Another significant investor is Bitkraft, a venture capital firm celebrated for its strategic investments in gaming, Web3, and immersive technologies. This collaboration is anticipated to provide valuable knowledge and assets to Bayes Esports as it continues to innovate and broaden its offerings.
Martin Dachselt, Chief Executive Officer of Bayes Esports, stressed the company’s dedication to collaborating with investors who align with their vision of fostering professionalism and expansion within the esports sector. He underscored the significance of robust partnerships and sustainable growth in establishing an open and thriving ecosystem.
Employing a dedicated team of 50 individuals, Bayes Esports currently caters to over 150 clients across the betting, media, and esports sectors. Their impressive clientele encompasses industry leaders such as Google and bet365, highlighting the company’s standing for delivering top-tier data solutions.
Looking forward, Bayes Esports has its sights set on increasing its footprint in the profitable US market and securing licenses to function as a betting provider in both Europe and North America. This strategic maneuver is well-positioned to unlock substantial growth prospects and solidify the company’s position as a global frontrunner in the esports data and betting arena.
Early in the year, Bayes Esports Solutions broadened their collaboration with ESL Gaming to encompass additional titles and investigate novel data and promotional prospects. This is significant because it demonstrates how esports information is becoming incredibly valuable for areas like wagering and talent identification.
Concurrently, Las Vegas Sands Corp, a prominent entity in the casino realm, reported a net deficit of $478 million for their initial quarter. This juxtaposition is noteworthy – as esports data thrives, the conventional gaming sector appears to be encountering certain hurdles.
