Fnatic raises $19m USD in Series A funding to support its global expansion into Asia and North America. The new investment will contribute towards its involvement in tier-one leagues including the League of Legends European Championship, expand their partner programs with the most forward-thinking global brands , launch new products and strengthen its core league teams.
The esports organisation also announced a new leadership to support the next phase of growth: Fnatic founder Sam Mathews, will retake the position of CEO. He will be joined by former Mercedes AMG F1 CEO Nick Fry who has been named chairman, and entrepreneur and founder of Affectv, Glen Calvert who has been appointed COO. The investment round is presided by tech entrepreneur and founder of VK, Lev Leviev of LVL1 Group.
Sam Mathews, CEO of Fnatic, commented:
“I am incredibly proud of what we’ve achieved over the past 15 years and now is the time to build on this strong foundation to realise our vision of being the leading global esports brand. To have such high calibre investors is telling of the potential they see in Fnatic and our future. We would not be at this point without the invaluable contribution of Wouter over the last four years, we are extremely grateful and sincerely wish him all the best.”
FNATIC – A LEADER OF THE GLOBAL PROFESSIONAL ESPORTS MOVEMENT
Founded in 2004 by Sam and Anne Mathews, Fnatic became one of the success stories of the professional esports industry. With a headquarters in London, and operations across San Francisco, Berlin, Belgrade and Kuala Lumpur, Fnatic is today more than an esports team – they are a global lifestyle brand with tens of millions of fans all across the world.
BBC called them “the eSports equivalent of football super-team Real Madrid” and it’s easy to understand why. With professional teams in League of Legends, Dota 2 and CSGO, thousands of tournaments under their belt and 2M social media followers, Fnatic stands as a heavyweight in the world of eSports.
FNATIC’S MAJOR ACHIEVEMENTS
- 5 times LCS Europe Champions
- 22 Game Titles
- 3 times finishing in the LOL Worlds Top 3
- More than $8M won so far
- 45 players across all rosters
Read more about their history on fnatic.com
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