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Nerd Street Gamers Closes $11.5M Additional Funding Led By Venture Capital Giant Founders Fund

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Nerd Street Gamers, the national esports infrastructure company, announced that it has raised $11.5 million in additional funding led by San Francisco-based venture capital firm Founders Fund, captained by Brian Singerman, bringing the company’s total funding to approximately $25 million.

Nerd Street experienced explosive growth thanks to its digital platform, even with Localhosts, the company’s esports and gaming centers, closed for the majority of the past year due to the pandemic. The platform, which offers affordable competitive experiences like tournaments, camps and coaching, grew its membership by more than 218% since 2019. Meanwhile, Nerd Street’s Twitch Channel, where the company live-broadcasts its tournaments, grew over 4,066% in minutes watched and grew from 13K followers to over 120K this past year.

With an eye towards a post-pandemic future where gamers will need affordable access to high-quality equipment more than ever, Nerd Street continued opening new Localhosts in Austin, Philadelphia and St. Louis in 2020. Over the course of the next year, Nerd Street is planning to open 20,000+ square foot regional Localhost facilities in Philadelphia and Los Angeles, and is rolling out several Localhosts in collaboration with teen and tween-focused retailer Five Below.

“Nerd Street being added to Founders Fund’s portfolio of industry-pioneering organizations is one of our greatest honors to date,” said John Fazio, founder and CEO of Nerd Street Gamers. “Within minutes of meeting Brian, it was clear that he was profoundly aligned with our vision and mission. Backing us during the uncertainty of a global pandemic is a testament to Brian’s bold foresight and an incredible validation for our entire team.”

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As a partner at Founders Fund, Brian Singerman seeks out companies that will provide value to investors and humankind alike. Nerd Street was an attractive investment for Brian as he has a background as a gamer and immediately saw Nerd Street’s long-term vision to help the industry offer gamers the same opportunities that traditional sports provide athletes.

“I was impressed with John from our first meeting and knew I wanted to help advance his vision of building a robust infrastructure to support gamers of all ages and skill levels,” said Singerman. “As a gamer myself, I’ve watched the massive growth of esports over the years. Esports are surpassing traditional sports in number of players and audience size, especially among younger demographics, and Nerd Street is in a perfect position to capitalize on that shift.”

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BetConstruct to Participate at Canadian Gaming Summit 2024

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BetConstruct is set to present its latest advancements in Sportsbook and Social Gaming at the Canadian Gaming Summit, taking place June 18-20 in the Metro Toronto Convention Centre, Toronto, Canada.

The Canadian Gaming Summit is a pivotal event for the gaming industry, offering a premier platform for industry leaders to network, explore innovative products, and gather essential insights. During the summit, BetConstruct will demonstrate a variety of its products and services, with a focus on its Social Gaming platforms and its comprehensive Sportsbook solution.

The Sportsbook, renowned for its flexibility and state-of-the-art technology, is designed to meet the dynamic needs of operators and players alike. It covers millions of monthly matches across over 3000 leagues in 21 sports tournaments, providing accurate sports statistics and a suite of management tools tailored for operators. Key enhancements include personalised CRM features, AI-driven push notifications, and customisable sports trees, along with innovative tools like Bet-Insights and a new Telegram Bot for seamless iGaming integration and enhanced user engagement.

Building on this foundation, the FTN 2024 Offer introduces a Multi-Wallet website and Branded Exchange, which further streamline transactions and elevate user convenience during the European Football Championship. These features are designed to integrate seamlessly with the Sportsbook’s robust infrastructure, providing a cohesive and enhanced experience for all users during this high-profile sports event.

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Additionally, BetConstruct will showcase its Social Gaming platform, designed to enhance player engagement and encourage community interaction through innovative gaming experiences. The Social Casino Games Development at BetConstruct creates custom social games that attract more players by delivering an exceptional social casino experience. This initiative ensures player flexibility and incorporates a variety of features to increase the games’ appeal.

Visitors are invited to join BetConstruct at Stand A210 to discover how their leading-edge technologies can transform gaming operations and elevate the user experience, setting new standards in the industry.

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Canada

Red Rake Gaming launches with The Score

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Red Rake Gaming are delighted to have partnered with Penn Entertainments, The Score, in the provision of the Red Rake Gaming content across North America, in New Jersey, Pennsylvania and Ontario, through its partnership with Light and Wonder.

Penn, one of the most renowned gaming companies across North America will have access to Red Rake Gaming’s top performing, high action games to further complement Penn’s delivery of the best gaming offering to its players. Players can expect a wide range of thrilling games, cutting-edge technology, and exclusive tournaments that will keep them engaged and entertained like never before. With the collective strengths of Red Rake Gaming and Penn, this partnership is set to elevate the gaming experience to new heights, setting a benchmark for excellence in the industry.

The partnership covers the distribution of Red Rake Gaming’s diverse, localised portfolio, including its gamification tools. Games will include the newest releases, including its record breaking Super30Stars – the non-stop, action-packed slot which combines feature games and bonus rounds from all its predecessors in the Super series of games, “Gods of Ireland,” a game that boasts a plethora of features, free spins, and immersive minigames,  “777 Heist 2: The Art Forger,” which introduces thrilling “Cascading Reels” and intriguing skill-based gameplay elements, or “Mystic Spirits”, that offers a unique twist by providing payouts in both directions, adding an extra layer of excitement to the gaming experience.

This partnership represents a pivotal milestone in Red Rake Gaming’s ongoing commitment to providing unparalleled content within its current roster of regulated markets. It also underscores the resounding demand from players worldwide for the adrenaline-fueled gaming experiences that Red Rake Gaming is renowned for delivering.

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Nick Barr, Managing Director for Red Rake Gaming Malta, commented on the partnership stating: “Partnering with The Score for the roll out of the Red Rake Gaming portfolio of games reaffirms the demand for action-packed and engaging content from players across the globe. We could not be more thrilled to be working with one of the industry’s leading brands across the regulated gaming space and we very much look forward to contributing to their ongoing successes.”

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Canada

Play’n GO joins the Canadian Gaming Association

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Play’n GO, the world’s leading casino entertainment provider, has today announced it has joined the Canadian Gaming Association (CGA), a trade association that represents operators and suppliers in Canada’s gaming, sports betting, esports, and lottery industries.

Active for almost 20 years and with over 70 members, the CGA advocates for a regulated, responsible, sustainable industry, in complete alignment with Play’n GO’s values and mission.

Play’n GO are active in Canada in the provinces of Ontario and Quebec, where they recently announced a partnership with Loto-Québec, a state-owned corporation who operate gaming in the province.

Saam Hafezi, Head of Region, North America at Play’n GO, remarked “Play’n GO has long advocated for a safe, regulated iGaming industry, and we’re proud to join an official body like the Canadian Gaming Association that shares those goals.

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“We look forward to collaborating with fellow stakeholders within the Association to achieve a brighter, more sustainable future for us all, and we thank the Canadian Gaming Association for accepting our membership application.”

Paul Burns, President and CEO, Canadian Gaming Association added “We’re pleased to welcome Play’n GO to the Canadian Gaming Association. Play’n GO’s values align perfectly with our own- advancing the evolution of Canada’s gaming industry in a safe way that protects players. We’re glad to have them on board.”

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