Bayes Esports has closed its latest financing round of €6m, a cash injection that CEO Martin Dachselt believes will deliver sustainable growth for the company and help “professionalise the esports industry”.

Last year, the Berlin-based esports company raised more than €10m, and this figure is expected to double over the course of the next 12 months.

Among the main investors involved in the funding round were US-based Las Vegas Sands and BITKRAFT Ventures.

“We were looking for strategic investors who would work with us to professionalise the esports industry,” said Dachselt. “Strong shareholders and sustainable growth are the basic requirements for an open ecosystem.”

Bayes Esports noted that with this new investment, it will place a focus on more product development-focused partnerships. This will be supported by the appointment of 25 new members of staff. 

In addition, the US market and licensing as a betting supplier in both the US and Europe will also become a priority according to the company’s Chief Operating Officer and Managing Director Amir Mirzaee.