Here’s a list of today’s tech funding stories, updated as the day unfolds. Tip us here if you have a deal to share.
Disney invests $200M in Vice Media, sets valuation at over $4B
Vice Media took in a $200 million round from Walt Disney Company, International Business Times reported, citing sources close to the deal. The investment, which follows another $200 million investment by the entertainment giant, would give Disney control over 10 percent of Vice Media.
The investment, the report said, would set Vice’s valuation at over $4 billion.
Read more: International Business Times
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Azubu raises $59M in debt to create an esports rival to Twitch
Azubu has raised 55 million euros, or $59 million in U.S. currency, in a debt financing aimed at creating a livestreaming business based on esports. Pro gaming has become a big business, and Azubu believes it can be more focused on it than its bigger rival, Twitch, which was purchased last year by Amazon for $970 million.
Sherman Oaks, California-based Azubu streams live video of professional video game competitions, known as esports, to spectators. The esports market is expected to grow from $748 million in 2015 to $1.9 billion by 2018, according to market researcher SuperData Research.
Eventbase raises $6M from Madrona Ventures for its event app production platform
Eventbase announced today that it has raised $6 million from Madrona Venture Group to support its mobile technology platform for events. With the new funding, the company said that it will be looking to accelerate its growth both in size and revenue, specifically within the enterprise space.
To date, Eventbase has raised $8 million in funding from investors, including from South by Southwest’s new venture arm, SXSW Tech LLC. Through its investment, Madrona will have partner Paul Goodrich sit on Eventbase’s board of directors.
This list will be updated with breaking funding news all day. Check back for more.
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