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Volume 26 No. 178
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Dignitas Forms Holding Company Backed By $30M In Series A Funding

Harris Blitzer Sports & Entertainment's Dignitas gaming organization has formed a new holding company called New Meta Entertainment with investors including Delaware North. Dignitas and partner Fertitta Entertainment raised $30M in Series A preferred stock as part of the deal, which sees Susquehanna Private Equity and hip hop mogul Steven Rifkind also join the investors. Delaware North, which owns the Bruins and TD Garden, has previously been involved in esports through an investment with Splyce, but it has exited that deal and will now be with NME. Dignitas CEO Michael Prindiville becomes CEO of NME. The company will focus on three verticals in esports, content and investments. Prindiville said Dignitas has been setting up NME for around a year and is doing so because it wants a company that is broader than just esports and will be able to invest in video game influencers, music and emerging companies of various stripes. Assets owned by NME at this point include Clutch Gaming's League of Legends Championship Series franchise and Academy Team, plus Dignitas teams in Counter-Strike: Global Offensive, Super Smash Bros., Rocket League, SMITE and Clash Royale. It also includes a Dignitas esports training facility in Newark and the first  deal by with the investment arm in U.GG, a League of Legends online coaching platform.