Raven, the global esports apparel brand, announces that it has closed a $1.4M seed round with a US-based private equity fund.
Raven’s immediate focus is to rapidly increase its global market share and drive product innovation to help shape the future of apparel within esports. The capital raised will enable Raven to develop its unique service offering across product design, manufacturing, marketing and logistics for both the professional and grassroot esports markets. Raven will also look to expand its team which includes hiring across Europe and North America, while developing new technologies to supplement consumer buying experiences.
Sam Wells, CEO of Raven said, “We have an ambitious strategy for the future of Raven and the capital raised provides us with the platform to execute our vision through the continued development of performance-based products that cater to the needs of professional gamers, communities and grassroots-based programmes. We are tremendously proud to have grown within the esports ecosystem and with a board that has numerous years of experience in the industry we are in a great position to fulfil our goals.”