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Modern Times Group invests in 11 U.S. and European game startups

December 03, 2018 / Dani Deahl

Modern Times Group (MTG) said it has invested in 11 gaming startups during the past year or so. The Stockholm, Sweden-based MTG made the investments in categories, including online gaming, esports, virtual reality, and augmented reality.This disclosure makes MTG one the most active investors in the games sector, with a portfolio of gaming content, software tools, live experiences, and retail products.In June, Goldman Sachs reported that esports investors will benefit from the transition of competitive gaming to a professional sport with well-established leagues that capitalize on original content, media rights, and multi-year, multi-territory sponsorship deals.“We’ve been heads-down, and this is a good time to talk about our investments,” said Scott Rupp, managing director at MTGx USA, in an interview with GamesBeat. “We were getting them done and getting the portfolio to a significant size.”Goldman Sachs said that between 2013 and 2018, $3.3 billion of ve...