PlayBrain Secures $1.9 Million Investment from BITKRAFT Esports Ventures to Advance the Esports Industry in Japan
We are excited to announce BITKRAFT Esports Ventures led PlayBrain’s $1.9 million seed round. PlayBrain is the leading full-service esports tournament and media company in Japan, with the mission to help brands reach gamers and fans through large-scale esports event production.
PlayBrain will use the new funding to scale the team, accelerate growth, and support costs to lead the creative direction, operation, and commercialization of League of Legends Japan League (“LJL”). PlayBrain has partnered with Riot Games and Yoshimoto to lead in the operation of the LJL league, the largest esports league in Japan.
“With a $19 billion games market, Japan is a sleeping giant in esports and is finally waking up and recognizing its potential to become one of the largest markets globally next to China and the US,” said BITKRAFT Founding Partner, Malte Barth. “This investment comes at the perfect time, ahead of the 2020 Olympics when all eyes will be on Tokyo, and Japan’s quickly growing esports ecosystem.”
PlayBrain is a company dedicated to promoting the growth of gaming and esports in Japan and this marks the first Western investment in esports in the Japanese market.
Check out the coverage in The Esports Observer, Esports Insider, and VentureBeat.
We are excited to announce that BITKRAFT Esports Ventures led Tonk Tonk Games $2 million seed funding round with participation from Modern Times Group. Tonk Tonk Games is a mobile gaming company with a singular focus on providing players with continuous moments of delight through fun game play, personalized experiences, and high spectatability.
The company will use the investment to accelerate its global growth by scaling its talented team and establishing headquarters in Austin, Texas while working to launch uFighter, a competitive real-time multiplayer fighting game where the main player is a digitized avatar of the gamer. uFighter players can engage with people they know personally through highly expressive, customized 3D animations of themselves generated from uploaded selfies.
“We are deeply impressed with Tonk Tonk’s culture and their emotionally resonant, proprietary personalized facial animation technology, which make them a clear stand-out in the massive mobile games market,” commented BITKRAFT Founder and Managing Partner, Jens Hilgers. “uFighter is offering adrenalizing synchronous multiplayer matches and will ignite new excitement for the Fighting Game genre which we feel still craves for an iconic and innovative IP on mobile.”
Tonk Tonk Games is led by a distinguished team of game and animated-film veterans with decades of collective experience from Blue Sky, Wizards of the Coast, EA, Disney, and Pixar.
We can’t wait to see how Tonk Tonk Games will evolve in the future as their team expands. Check out the press coverage in VentureBeat and Esports Insider.