The Esports Players League (ESPL) had achieved a seed funding of $1m.
The round was funded by the venture capital firm 500 Startups, but the company has not spoken about what other parties have participated in the investment.
In its first year on the market, this investment plan is designed to assist ESPL in expanding into ten tournaments and platforms. In 2019, it was created.
“We are delighted to have secured this support from the highly-regarded team at 500 Startups, and it serves as a very encouraging endorsement of ESPL’s vision for the future of esports and our achievements to date,” said Michael Broda, CEO of ESPL (ESPL).