Samsung Next and Sony Innovation Fund, respective subsidiaries of consumer product makers Samsung and Sony, participated in a $9.8m series A round for US-based eSports entertainment platform Sliver.TV today.
Venture capital funds Danhua Capital and Heuristic Capital Partners, VC firms DCM Ventures and Sierra Ventures, ZP Capital and the virtual reality-focused Venture Reality Fund also participated in the round.
Sliver.TV has created a 360-degree virtual reality streaming platform for eSports games which has streamed contests for Counter-Strike: Global Offensive and League of Legends since it was launched in autumn 2016.
The company also operates a system where viewers can gain virtual currency by watching games that they can then use to bet on other games. The round increased Sliver.TV’s total funding to $17.5m, the company said.
Sliver.TV had raised $6.2m in seed funding from investors including CAA Ventures and Bertelsmann Digital Media Investments, subsidiaries of talent agency CAA and media group Bertelsmann, as well as mobile game publishers Gree and Colopl as of August 2016.
DCM, Sierra, Venture Reality Fund, Greycroft Partners, Advancit Capital, Sparkland and Green Pine Capital also participated in the seed round, while Sliver.TV identified Samsung Next and Sony Innovation Fund as existing investors in the series A round.