TSM and Immortals secure big money investments

Steven Rondina Published 24/07/2018

Two of the largest esports organizations in the world received a huge influx of capital on Tuesday as TSM and Immortals both made announcements regarding large financial investments.

As first reported by Forbes, TSM parent company Swift secured $37 million in Series A funding for both the TSM organization and for Swift’s other projects including its content creation and analytics. This whopping sum comes from a group of investors led by Ethan Kurzweil of Bessemer Venture Partners, an American venture capital firm, which includes Yahoo cofounder Jerry Yang and NBA player Stephen Curry.

Immortals, meanwhile, spoke with the Wall Street Journal about its new business relationship with Meg Whitman. The former CEO of Ebay and Hewlett-Packard revealed that she had invested an undisclosed sum into the organization and is now a member of the company’s board of directors. Though no specific numbers were offered, sources within the WSJ stated that Immortals is now valued at over $100 million, per esportsobserver.com.

Though these organizations are in very different positions in the rapidly evolving esports space, this marks a big moment for both.

TSM, known primarily for its successful League of Legends team, is one of the most beloved brands in esports. Owner Andy “Reginald” Dinh stands as a pillar of the industry. But after years of being ahead of the curve, the organization founded in 2009 had begun to slip behind in an era of 8-figure franchising rights and constant financial shakeups. This latest move, which keeps Dinh in place atop the organization, helps put TSM back on a footing similar to its chief competitors.

As for Immortals, the addition of Whitman to the board gives one of the biggest esports brands a savvy new adviser to help direct the company moving forward. A prominent tech executive, Whitman helmed Ebay during its boom in the late 1990s and then went on to additional success at Hewlett-Packard.

Steven Rondina

About Steven Rondina

Steven Rondina is a true lifelong gamer. His earliest memories are of playing video games, and he has continued playing them throughout his life with no plans to stop any time soon. Steven’s favorite franchises in gaming include Pokemon, Dark Souls, and Counter-Strike. He has previously published with Bleacher Report and other gaming outlets.

View full profile

Read Also

News

Twitch CEO says AI can assist streamers, not replace them Conn Mc Gillion Twitch CEO Dan Clancy believes that livestreaming remains more human-focused in the age of artificial intelligence. Speaking at the Fortune Brainstorm Tech conference in Aspen, he said: "AI is trying to take humans out of the equation, and live is one of the formats that keeps humans at the centre. You connect with people. You can understand them. You can see who they are." The comments came during a discussion ...

Twitch

What is Twitch’s Creator Sponsorship Certification, and how can it help small streamers? Khizar Mundia Twitch's Creator Sponsorship Certification is expanding, and it has the potential to help smaller streamers get off the ground when it comes to partnerships. Sponsorships are an essential part of many streamers’ career, as they provide a steady and potentially lucrative income for broadcasting sponsored content. While there is no guaranteed method for a streamer to get signed by a brand, Twitch has a course that could be beneficial. Twitch's ...

Slots

Thrill announces new Original Roulette — here is how it plays Fariha Bhatti Thrill has made another addition to its stacked range of Originals, with the crypto casino announcing the release of Roulette. The classic table game rounds off the list with timeless mechanics and a distinctly modern twist. Thrill is a leading crypto casino and hosts a vast library of online slots and games that appeal to players of all tastes. From mainstream heavyweights like Hacksaw Gaming to underrated studios like Endorphina, ...

Big Wins

Roshtein hits huge Graffiti Ways win after losing day Fariha Bhatti Roshtein’s most recent win on Graffiti Ways came out of nowhere, leaving the streamer $4.8 million richer. Graffiti Ways comes from Colorful Play, a software provider that launched in 2025 and exists only within the Stake ecosystem. The slot is set in a graffiti-sprayed alley, and is known for its vibrant symbols and a five-scatter hidden bonus, a combination that turned it into an instant streamer favorite on release and ...

Twitch

Nina Lin arrested and banned on Twitch following New York Knicks celebrations Fariha Bhatti New York Knicks championship celebrations turned sour for streamer Nina Lin after the NYPD arrested her for climbing on top of a moving Amazon delivery van. Nina Lin has become synonymous with controversy on Twitch, so you'd think a recent ban would become her cue to lay low. Instead, she's back in the spotlight, and this time she's gone too far. The streamer spent the night of June 13 in ...

Twitch

MrBeast reaches 500 Million subscribers amid claims of $24 million in YouTube revenue Khizar Mundia Jimmy “MrBeast” Donaldson is one of the most popular content creators in the world. The YouTube star recently surpassed 500 million subscribers, and an alleged leak of his creator dashboard appears to reveal the platform revenue generated by his channels. MrBeast started small, but his ambition and drive helped him transform viral challenges and philanthropic stunts into some of YouTube's most ambitious productions. That success recently culminated in him becoming ...

Twitch

Pokimane comments on Sykkuno’s comeback as xQc weighs in Khizar Mundia Sykkuno's return to streaming after a roughly two-month hiatus prompted criticism from Imane "Pokimane" Anys, sparking another beef between her and Felix "xQc" Lengyel. Pokimane and xQc have clashed publicly on several occasions, with their latest disagreement centering on Sykkuno. After Pokimane criticized the streamer and voiced support for those affected by the controversy, xQc pushed back, arguing that the situation was being mischaracterized. The situation has even seen Sykkuno ...