Fnatic raises £14.5m in Series A funding from LVL1 Group and other investors to drive international expansion.
The funding round was led by Lev Leviev of LVL1 Group to support global expansion and product development.
Fnatic operates a competitive esports organisation and creates gaming peripherals and apparel. The company fields teams in top tier leagues and builds a global brand for fans.
Esports organisation Fnatic has secured £14.5m in Series A funding to support its ongoing global expansion. The capital will enable the business to scale its operations across North America and Asia while bolstering its presence in major competitive leagues. In addition, the funds will be directed towards launching new audio lines and product categories for its gaming peripherals brand.
The investment round was led by LVL1 Group, headed by tech entrepreneur Lev Leviev, who joins the company board. Additional backing came from Beringea, BlackPine, Unbound, Raptor Group and Joi Ito.
From the founder
"This is a pivotal moment in the evolution of Fnatic"
Sam Mathews
Chief Executive Officer at Fnatic
Use of funds
- 01Expand into international markets
- 02Continue product development
