We hear about financing rounds in other businesses like start ups and new companies, but eSports is quickly turning into the next big thing in sports. Now professional eSports team Fnatic have raised $7 million in funding that will be put to good use across many teams, competing in many games, in multiple countries across the world.
Fnatic is so big that it even opened its first retail location last year, but needs the injection of funds to continue spreading staff and infrastructure throughout the world.
The $7 million in new funding comes from a few interesting companies and people, with Boston Celtics owner Jim Pallotta along with The Raptor Group - the private investment firm owned by AS Roma president, as well as the CEO and founder of Fractal Design, the Swedish case and cooling giant. MIT Media Lab director Joi Ito, and Hersh Interactive Group also added to the funding round.