It doesn’t take a rocket scientist to see that eSports continues to blow up in the states, with major names and players in the real sports world investing significant sums of money into them.
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Earlier this week Cloud9, a major eSports brand, announced $25 million in raised capital with investors including the WWE and the Washington Wizards’ Co-Owner Raul Fernandez.
Cloud9 announced today that it closed a $25 million round of Series A funding. Some of the investors from the seed round earlier this year have joined, such as Founders Fund and the tech investor Bill Lee, who put in a joint investment with tech investor David Sacks. The Series A has again attracted investors from the traditional sports world, such as Washington Capitals and Wizards co-owner Raul Fernandez; the Beverly Hills Sports Council; Michael Ovitz, the cofounder of talent and sports agency Creative Artist Agency; and World Wrestling Entertainment. In addition to raising the funds, Founders Fund partner Brian Singerman will be joining Cloud9’s board of directors. WWE and San Francisco Giants outfielder Hunter Pence, who invested in the seed round, will be joining as board observers.
This is just another round of very successful fundraising done by eSports brands across the gaming spectrum.
WWE in fact, recently partnered with IGN to host a series of eSports events.
eSports market size is expected to more than double to $1.5 billion by 2020. So get ready, the next big thing in gaming is certainly here.
