Next generation esports
Vindex, a global esports infrastructure network, announced its launch today with an initial funding round of $60 million. The company also announced the acquisition of Next Generation Esports (NGE) and the launch of Esports Engine (both esports operations, distribution, and technology companies).
Mike Sepso and Sundance DiGiovanni, co-founders of Major League Gaming (MLG), which was purchased by Activision Blizzard in 2015, as well as Bryan Binder and Jason Garmise, fintech entrepreneurs and private investors, formed Vindex. Game developers, esports leagues, and teams will use the company’s technology and services to connect with their fans all over the world.
Esports Engine, which was co-founded by MLG founding employee Adam Apicella, provides publishers and esports teams with turnkey esports operations and fan experiences. NGE is a Burbank, California-based independent esports development company. The existing relationships between the two companies will be maintained and expanded by Vindex. Furthermore, the founders and senior management of both companies will stay on as part of the Vindex leadership team.
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With its Overwatch Winter Premiere series, Next Generation Esports (NGE) is the latest company to launch a competition for the class-based team shooter.
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Starting in December, teams will be able to register online to compete in online qualifiers until the field is narrowed down to the top eight teams. After a three-week round-robin group stage, the finalists will compete for a $100,000 prize pool in the two-day finals.
Although this is not a part of Blizzard’s new city-based Overwatch League, NGE is collaborating with Blizzard directly. The event’s production and streaming will be handled by it, and it will be streamed live on Twitch. However, Blizzard doesn’t seem to mind that its Overwatch league competes with other tournaments, which is possibly due to the fact that this market is mostly seen as a way to market the game to customers, despite the fact that esports produce $493 million in revenue annually.
In a tweet, NGE CEO Andy Vander Woude said, “Our philosophy is to find the most creative esports partners and work with them to elevate their shows.” “That’s why we’re ecstatic to collaborate with Blizzard on an esports experience tailored to Overwatch fans.”
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Jason Woo is the chief strategy officer and general manager of NGE (Next Generation Esports), a leading independent developer of premier esports content worldwide and an esports publisher for video game companies. Jason is a lifelong gamer and a seasoned entrepreneur who has built businesses, raised funds, and exited them successfully. He currently oversees NGE’s strategic planning and day-to-day activities, which include Activision Blizzard, Epic Games, Psyonix, Supercell, and Tencent Games.
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Vindex combines Esports Engine and Next Generation Esports with previous funding of $60 million. The platform’s creator, Vindex, announced that the $60 million in Series A revenue had been used to fund the launch.
The parties involved agree that after the league, people’s attitudes toward online gaming will shift. The partnership with other well-known organizations often serves as a reminder that all is not lost, and that assistance can still be provided to the community.