Quantum Tech Partners: Esports companies raised $2 billion in 2020, up 116%

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Esports companies raised $2 billion in 2020 across 200 transactions in 2020, up 116% in value from $957 million in 123 deals in 2019, according to mergers and acquisitions advisory firm Quantum Tech Partners.

Mergers and acquisitions also rose, with 50 deals valued at $658 million in 2020, compared to 33 deals valued at $475 million in 2019, said Alina Soltys, cofounder of Quantum Tech Partners, in an interview with GamesBeat.

“There’s a lot of momentum, and a lot of money coming in from different sources,” Soltys said. “Companies are starting to scale up.”

But before we get too excited, it’s worth noting that the acquisitions were driven by one deal, which involved livestreaming and so wasn’t directly in the