Fnatic raises $19m in a Series A funding round led by Beringea and LVL1 Group
The investment ranks as one of the largest e-sports deals in Europe.
$19.0MSeries A
≈ £15.2M at $1 = £0.7990 on 8 Jul 2019
Fnatic operates as a prominent force in the global e-sports sector, fielding competitive teams and building entertainment brands.
Fnatic has secured $19m in a Series A funding round to support its growth in the competitive e-sports sector. The investment was led by Beringea and LVL1 Group, with additional participation from BlackPine, Unbound and Joi Ito.
The deal stands as one of the largest e-sports investments completed in Europe, marking a significant milestone for the industry as it scales globally.
Investor perspective
"Too often, investors highlight esports as an ‘up-and-coming’ and ‘burgeoning’ industry. It should be clear that e-sports has arrived and now represents one of the world’s leading entertainment sectors."
KM
Karen McCormick
Beringea
