Investors in this round include the founder of Oculus (and designer of Oculus Rift), Palmer Luckey.
Surrogate plans to use the funding to scale its “Surrogate Reality” game portfolio while developing its video streaming technology.
Reddit co-founder Alexis Ohanian’s venture fund, Initialized, led the seed round.
Founded in 2017, the company has offices in Seoul, Los Angeles, San Francisco and Shanghai.
Organizers can host gaming competitions on its platform, which also enables sponsors such as Gamestop and 24 Hour Fitness to reach gamers.
As part of their shared goal to drive empowerment in the gaming community, Bumble and Gen.G will also develop inclusive gaming platforms.
Allied Esports Entertainment now trades on Nasdaq under the ticker symbol AESE after Black Ridge shareholders approved the transaction.
Hathaway Brown, a private school near Cleveland., has the first varsity esports program at a U.S. all-girls school.
British venture capital firm Hambro Perks also participated in the round. The amount has not been disclosed.
