Cyprus-based gaming and eSports streaming platform Play2Live has launched a $2m corporate venturing fund that will invest in eSports and game-focused projects.
The unit will invest between $50,000 and $150,000 in game-based computer vision, strategic planning, data analysis and eSports match prediction projects based in Eastern Europe and the old CIS regions.
Play2Live’s founder and CEO, Alexey Burdyko, will head the fund as managing director. It plans to put on 48-hour hackathons in the cities of Moscow, Minsk and Kazan with $10,000 prize funds to source potential recipients of funding.
Burdyko said: “It is extremely important for us to support fast-paced, rich in opportunities esports market. Every day we receive calls from projects preparing for the token sale, or various startups looking for financial investments.
“To help them in the most efficient way and to identify the most promising ones, we decided together with Play2Live partners and investors to launch a fund and start working right away. And of course, we will consider potential synergy with Play2Live.”