Russian eSports team Virtus.pro receive over $100 million investment

Russian eSports legends Virtus.pro have just taken the main stage in a totally different way, where the team has received over $100 million in investment from a 62-year-old Russian business magnate.

USM Holdings, an investor in many companies across various industries including metals and mining to telecoms and the Internet, has pledged around $100 million to Virtus.pro. The $100 million investment will help Virtus.pro launch new tournaments, support new games, create media channels and build new eSports arenas, according to the co-owner of the company, Anton Cherepennikov.

According to Ivan Streshinsky, a member on the USM Holdings board: "E-sports are a unique proposition, uniting the sports, media and the internet industries. It is a fast-growing market, which has already generated huge interest around the world and Virtus.pro is the leader in the e-sports industry in Russia. I am confident that the support from USM will spur the company's further development and enable it to take its projects to a whole new level".