Immortals raises $30 million, acquires Gamers Club, looks to LCS
William Davis
League of Legends
Esports organization Immortals has raised $30 million in a recent funding round, as the organization acquired Brazilian matchmaking platform Gamers Club and is rebranding to Immortals Gaming Club. Immortals, now known as IGC, is going through some major changes. These changes start with a new name and new investors. John Griffin and March Capital Partners join Lionsgate, the Milken Family, Steve Kaplan, and Meg Whitman as IGC’s primary investors and …
Fnatic secures $19 million in funding round, appoints news CEO
William Davis
League of Legends
European esports organization Fnatic has raised $19 million in a recent Series A funding, the team announced through its official website. Entrepreneur Lev Leviev of LVL1 Group, Beringea, Blackpine, Unbound, and Joi Ito are some of the new investors in the Fnatic brand. This is the first funding round held by Fnatic since April 2017 when the team secured a round of $7 million. “Esports is the future of entertainment, …
First five slots in franchised Call of Duty league sold to OWL owners
Steven Rondina
News
The first permanent franchises for the upcoming Call of Duty league have been announced. According to a statement by Activision-Blizzard, franchises for the cities of New York, Paris, Atlanta, Dallas, and Toronto have been sold. The slots have been awarded to the ownership groups of corresponding Overwatch League teams. “The upcoming launch of our new Call of Duty esports league reaffirms our leadership role in the development of professional esports,” …