FaZe Clan receives huge $22.7 million investment loan
FaZe Clan has entered into a convertible loan facility worth $22.7 million.
A convertible loan is a short-term debt that converts into equity. In FaZe Clan’s case, it’s at a pre-money equity valuation of $220 million. Usually, a convertible loan is converted during the next investment round.
A Canadian investment bank, Canaccord Genuity, acted as the exclusive financial advisor for the immense loan. The unnamed lender was also given a seat on FaZe Clan’s board of directors in conjunction with the loan.
In the case of FaZe Clan’s loan, it will be used for working capital and general corporate purposes. It has not yet been made clear what these purposes will be.
According to
Esports Observer, FaZe’s head of esports Erik Anderson made it clear last summer that a training facility is probably not in the organization’s future. He told the esports business publication that there’s “ample boot camp space” around the world for FaZe Clan’s teams to use while traveling. This makes more sense, seeing as to how their many players are spread across the world.
While they may not have a bootcamp on their agenda, FaZe Clan did open a headquarters of sorts in Hollywood Hills. It’s actually two 12,500-square-foot mansions, one full of FaZe clan members and one packed with their influencers.
This is where the players, streamers, and personalities live, eat, and attend meetings. Most of the day they’re
in their own rooms
playing their games of choice on stream.
Still, these mansions don’t have any rooms created specifically for their growing amount of esports teams to scrim together. Right now, FaZe Clan has players in Fortnite, Counter-Strike: Global Offensive, Call of Duty, FIFA, Rainbow Six Siege, and PlayerUnknown’s Battlegrounds.
But until all of the players are gathered up in the same locale, Anderson told Esports Observer, a training facility doesn’t seem likely.
Maybe the loan is to pay off all of the damage FaZe Banks did to that
hotel in Las Vegas?
Olivia Richman
About Olivia Richman
Olivia has worked in media ever since graduating from college, with her coverage ranging from traditional newspaper reporting to digital coverage of all things gaming, online betting, and nerd culture. She has traveled around the world pursuing that coverage, from the far coasts of the United States to the busy downtown core of Tokyo, Japan. Olivia’s favorite games include Overwatch and Super Smash Smash Bros, and she has been published at Esports Illustrated, Inven Global, EsportsInsider, Upcomer, and elsewhere.
View full profile
Read Also
Counter-Strike
ENVY Returns to Counter-Strike After Five Years, Picking Up an “Unpaid” 3DMAX Roster
Owen Harsono
North American esports organization ENVY has officially made its return to Counter-Strike. After putting its CS:GO division on hold in 2021, the org returns by signing the full former 3DMAX roster, so they aren't starting from scratch. ENVY is not only a massive esports organization, but also a legendary one in Counter-Strike. The org fielded one of the strongest French rosters in history, winning the DreamHack Open Cluj-Napoca Major in ...
Valorant
Complexity Gaming shuts down after 23 years – Here’s what we know
Khizar Mundia
Esports organization Complexity Gaming is ending its 23-year run, as its founder announces its shutdown. Complexity is an organization that has been around since the early days of esports. The organization had rosters in multiple games, including Counter-Strike and Valorant. Despite this, Complexity’s CS roster was the most famous, as it won several major events. This is why it was a surprise for fans to hear that Complexity is shutting ...
Counter-Strike
Team Vitality vs FURIA: Predictions and best picks for StarLadder StarSeries 2026
Owen Harsono
We have a clash of titans in the StarLadder StarSeries Fall consolidation final, as Team Vitality will take on FURIA for a grand final spot. Both teams have shown signs of shakiness throughout the event, so expect some scrappy Counter-Strike. Here are our Team Vitality vs FURIA predictions. Tournament: StarLadder StarSeries Fall 2026 Stage: Playoffs – Lower Bracket Final Game: Counter-Strike 2 (CS2) Format: Best of 3 Betting tip: These ...
Counter-Strike
MOUZ vs FURIA: Predictions and best picks for StarLadder StarSeries 2026
Owen Harsono
MOUZ are set to take on FURIA in a do-or-die match in the $500,000 StarLadder StarSeries Fall 2026 lower bracket. Both teams have already suffered losses at the event, but we believe one team is in much better shape than the other. Here are our MOUZ vs FURIA predictions for September 19. Tournament: StarLadder StarSeries Fall 2026 Stage: Playoffs Game: Counter-Strike 2 (CS2) Format: Best of 3 Betting tip: MOUZ ...
Counter-Strike
StarLadder StarSeries Fall 2026: Teams, format, schedule, and prize pool
Owen Harsono
Top-tier Counter-Strike is back on the menu with StarLadder StarSeries Fall 2026. It’s not a 16-team tournament with every top team in attendance, but it’s still bound to entertain us for a solid four days. Here’s everything you need to know about StarLadder StarSeries Fall 2026. Tier 1 Counter-Strike lands in Spain again for the first time in a while, with only eight teams in attendance. StarLadder StarSeries will be ...
Counter-Strike
Team Spirit vs Team Falcons at BLAST Open Fall 2026: best predictions and picks
Owen Harsono
We’re in for a treat, as the BLAST Open Fall semi-final will feature a matchup between Team Spirit and Team Falcons, with the winner booking a spot in the grand final. It’s a battle between the world number one and number two, so this is a match you definitely don’t want to miss. Here are our BLAST Open Fall Team Spirit vs Team Falcons predictions. Tournament: BLAST Open Fall 2026 ...
Counter-Strike
Is CS2 Dying in 2026?
Owen Harsono
Counter-Strike is one of the longest-standing esports franchises, having built a loyal fanbase over the course of two decades. However, if you’ve browsed through social media platforms across the past few months, you might have seen people claiming that the game is dying or on a steady decline. Below we’ll take a look at why people are talking about this and answer the question of “is CS2 really dying?” One ...
