G2 Esports has raised $17.3 million from prominent New York investors and a variety of global tech moguls. The backers include New York investors Seal Rock Partners, Al Tylis, and Dan Gilbert. They teamed up with other investors Parkwood Corp. and Everblue Management to lead the round. The capital will be used to accelerate global expansion, fund franchise fees, and continue to invest in world-class business and content operations.
Alongside this group, G2 also raised money from tech and sports entrepreneurs including Yext co-founder Brian Distelburger; Doodle founder, Myke Naef; and Topgolf Media president, YuChiang Cheng.
“The backing from this distinguished group of business leaders is a testament to the future growth of this organization,” said G2 Esports CEO Carlos “ocelote” Rodriguez, in a statement. “After an incredibly successful 2018 where we positioned ourselves as one of the leading entertainment assets in esports, G2 is doubling down on international growth and continuing our investment in world-class content creation. We have partnered with the right investors, who have a deep understanding of a variety of entertainment industries, and significant experience in scaling successful companies and brands,” he added.
By Niji Narayan
Niji Narayan has been in the writing industry for well over a decade or so. He prides himself as one of the few survivors left in the world who have actually mastered the impossible art of copy editing. Niji graduated in Physics and obtained his Master’s degree in Communication and Journalism. He has always interested in sports writing and travel writing. He has written for numerous websites and his in-depth analytical articles top sports magazines like Cricket Today and Sports Today. He reports gaming industry headlines from all around the globe.