Fnatic receive over $7 million in funding

Fnatic receive over $7 million in funding

Fnatic group recently announced a round of funding to the tune of around $7 million. This investment round had backing by  Raptor Group, owners of AS Roma and the Boston Celtics; Hersh Interactive Group; Joi Ito, Director of the MIT Media Lab; and Hannes Wallin, CEO and Founder of Fractal Design.

“There has been strong growth in esports, which has accelerated in recent years, but the major shift has been in the acceptance and inclusion by sports franchises, media companies and high profile individuals who have entered and advanced the industry rapidly,” says Fnatic Founder Sam Mathews. “We’re incredibly excited by the opportunities available within esports, and having world class investors and advisors only enhances our ability to address these opportunities and continue to innovate.”

This investment round puts Fnatic as one of the few esports organisations that has come really close to being valued at around $100 million. They are one of the leading industry organisations with multiple teams in several esports.

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