The Esports Players League (ESPL) had achieved a seed funding of $1m.
The round was funded by the venture capital firm 500 Startups, but the company has not spoken about what other parties have participated in the investment.
In its first year on the market, this investment plan is designed to assist ESPL in expanding into ten tournaments and platforms. In 2019, it was created.
“We are delighted to have secured this support from the highly-regarded team at 500 Startups, and it serves as a very encouraging endorsement of ESPL’s vision for the future of esports and our achievements to date,” said Michael Broda, CEO of ESPL (ESPL).
“To do that, we need help from a number of strong international partners. This is how we are really excited about working with 500 startups and potential investors from 500 startups who are associated with our esport mission as our connexion continues to develop.” “Our team is committed to delivering esports to the global online gaming communities as a mainstream entertainment and to do so. Research suggests that the world’s sport audience will reach 645 million, exceeding American football, baseball and rugby in 2020. The founding team of ESPL saw and was part of the growth of sports.
We have looked at many sports business models, and find this team with their most convincing viewpoint. We look forward to helping them on their global journey.’ Last month LVP published a guest column to look at why investors don’t recognise the potential presented by sp.’ It is important that players in all countries and levels need ways to compete, participate and observe.