Esports brand Fnatic raises $10m

first_imgEsports brand Fnatic raises $10mAlso offering fans the chance to invest via $1.3m Crowdcube campaignJames BatchelorEditor-in-ChiefWednesday 11th November 2020Share this article Recommend Tweet ShareCompanies in this articleFNATICUK-based esports brand Fnatic has secured fresh investment of $10 million, and is launching a crowdfunding initiative to raise more.The investment round was led by venture capital fund Beringea, with existing investors Unboard, LVL1 Group, JHD and key members of management also participating.Fnatic has now raised $35 million today.The $10 million will be used to further grow the brand and support its professional teams.Related JobsSenior QA Engineer Gaming Studio Baltic Region UK & Europe Big PlanetLead Game Programmer – Quebec Province Quebec Big PlanetSenior Build Engineer – AAA Studio – Yorkshire UK & Europe Big PlanetDiscover more jobs in games The esports firm has also partnered with Crowdcube to start a new crowdfunding campaign, giving the teams’ fans the chance to invest in the business.The campaign will start on November 19 and aims to raise a further $1.3 million for the company. Funds raised from fans will be specifically be used for initiatives that “seek out and level up the next generation of gamers.”Celebrating employer excellence in the video games industry8th July 2021Submit your company Sign up for The Daily Update and get the best of GamesIndustry.biz in your inbox. Enter your email addressMore storiesFnatic appoints new leadership after securing $19m investment”This is a pivotal moment in the evolution of Fnatic,” says CEOBy Haydn Taylor 2 years agoFnatic raises $7 millioneSports team’s investment round led by exec of AS Roma and Boston Celtics co-owner, director of MIT Media LabBy Brendan Sinclair 4 years agoLatest comments Sign in to contributeEmail addressPasswordSign in Need an account? Register now.last_img read more