Team organisation Veloce Esports announced this week that it has raised a new funding round, and will merge in its Veloce Racing brand going forward.
The Financial Times reports that the organisation raised £4 million in the round, which includes former Lloyds Development Capital CEO, Darryl Eales, currently co-chairman of Veloce Racing.
Rupert Svendsen-Cook, Veloce Esports CEO, commented in a release: “The world has changed in the last few months and it has deeply impacted all sports, even esports. Our team took the initiative very early on and showed immense determination to come out of this moment in a considerably stronger position than when the pandemic started.