MTG has invested in 11 fast-growing companies for the group’s owned-and-operated e-sports and online gaming businesses.
Since revealing its dedicated gaming fund last year, MTG has backed 11 high-potential U.S. and European gaming businesses, including online gaming and e-sports companies, as well as VR experiences. The plan is to make minority investments in five to ten companies each year. MTG’s portfolio of gaming investees includes BITKRAFT Esports Ventures, Play Ventures, AppOnboard, Nomadic, Phoenix Labs, Playfull and Boom.
Jørgen Madsen Lindemann, MTG’s president and CEO, remarked: “MTG has proven to be an attractive partner for young companies that recognize our values-driven entrepreneurial culture. With a rich history in multiplatform storytelling—and having operated a robust media business that has consistently outpaced the industry—we offer entrepreneurs a meaningful partnership and synergy benefits.”
Arnd Benninghoff of MTG Games and Esports, added: “The gaming ecosystem is made up of many platforms, titles, publishers, leagues, teams, influencers and tech, and MTG is assembling the most promising players in this sector under one roof. Our portfolio of international companies strikes a healthy balance between established and high-potential companies that are turning their passion into successful business.”