Fantasy esports platform Esports One introduced that it has raised a $4M USD financing spherical led by XSeed Capital, Eniac Ventures, and Chestnut Road Ventures. The spherical brings the Santa Monica-headquartered firm’s complete funds raised to $7.3M.
Esports One revealed that it plans to make use of the funding proceeds to broaden its platform entry to international occasion organizers and help new recreation titles reminiscent of Rainbow Six Siege, Rocket League, Valorant, and Fortnite with personalized fantasy video games. The corporate can be trying to give attention to monetization and accessibility. Moreover, Esports One will proceed to scale internally, utilizing the funds obtained for workforce development and globalization.
The corporate reported a 300% enhance in platform customers because the 2020 League of Legends international esports circuit spring break up. Moreover, Esports One partnered with ESL Gaming to convey fantasy esports to international esports occasions.