Clayton Larcombe’s PAC Capital Leads Series A4 Funding Round for Bayes Esports
Bayes Esports, the leading source for official esports live data, announces an investment that brings the total capital raised for the Berlin-based business to €9 Million for 2022.
This investment is part of a series A4 financing led by PAC Capital, whose Chief Investment Officer, Clayton Larcombe, will replace German esports entrepreneur and founder of BITKRAFT Ventures Jens Hilgers as Chairman of the Board.
Clayton Larcombe is one of Australia’s most influential esports businessmen. He is the Chairman and lead investor of Picklebet, a global esports and sports betting platform, and founder of PAC Capital, a global fund manager with over $500 million under management. PAC manages multiple funds focused on investments made in the esports and gaming sector, as well as in disruptive innovations. The investment made in Bayes Esports is in PAC Capitals first venture fund, the PAC Private 1, which is searching for the most innovative companies in the esports, gaming, and tech industry.
In esports, Larcombe sees the sport of the next generation: “The future of sports is esports. Esports is growing at such an incredibly fast pace that businesses active in esports need to be fast, agile, and, most importantly, innovative. That is what I see in Bayes Esports. A truly innovative business with the power and the 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/gaming sector. I hold close relationships with Jens and the entire BITKRAFT team, as well as with Martin and Amir at Bayes, and am very much looking forward to our journey together.”
Bayes Esports is looking to use the investment to fund recent content partnership acquisitions and partnership extensions, as well as to expand its team and management by bringing in further high-profile experts and talents from various different industries. First steps towards both goals have already been made with the recent announcements of a two-year exclusive live match data partnership with BLAST and the hiring of York Scheunemann as COO. Further announcements are expected within the upcoming weeks.
Amir Mirzaee, CCO & MD of Bayes Esports, commented: “We are delighted to have found a strategic investor and true visionary in the field of esports in Mr. Larcombe, who shares our vision and will work with us to drive the esports industry forward. 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 built around official data is resonating with the industry’s decision-makers. We started out strong in 2023, but there are a lot more announcements yet to come. We will continue to expand our lead as the premier source for esports in-game data and bring truly game-changing innovations to the industry.”