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MTG invested $11 million in 7 startups in the first half of 2019

  • Posted byby Dean Takahashi
  • Updated
  • 3 min

Modern Times Group (MTG) has invested $11 million in seven game and esports startups in the first half of 2019, making it one of the most prolific game company investors in the world.

To date, Stockholm, Sweden-based MTG has invested more than $21 million from its venture capital fund into 16 companies and a total of 20 investments. In 2018 we had about 2.4 billion video game players in the world, but industry analysts expect that number to grow to 2.9 billion as early as 2022 (according to market researcher Newzoo), and the global esports audience reached 395 million in 2018 and is expected to grow to 645 million by 2022 (A.T. Kearney).

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Written by

Dean Takahashi

Dean Takahashi is editorial director for GamesBeat. He has been a tech journalist since 1988, and he has covered games as a beat since 1996. He was lead writer for GamesBeat at VentureBeat from 2008 to April 2025. Prior to that, he wrote for the San Jose Mercury News, the Red Herring, the Wall Street Journal, the Los Angeles Times, and the Dallas Times-Herald. He is the author of two books, "Opening the Xbox" and "The Xbox 360 Uncloaked." He organizes the annual GamesBeat Next, GamesBeat Summit and GamesBeat Insider Series: Hollywood and Games conferences and is a frequent speaker at gaming and tech events. He lives in the San Francisco Bay Area.