European esports organisation Fnatic announced today that it has raised $10m (~£7.54m) in a new investment funding round led by venture capital and private equity firm Beringea.
Additionally, the team will launch a crowdfunding equity campaign through Crowdcube, allowing fans to invest in Fnatic and own a small piece of the organisation.
Karen McCormick, Chief Investment Officer of Beringea, commented in a release: “Esports is an industry experiencing explosive growth, and yet in many ways is still in adolescence. Having evaluated the industry from many angles, Fnatic was a relatively simple investment decision given the premier status of the brand, consistency as a true performance company, and growth and engagement of the fan base.