Esports One Raises $4M Towards the Expansion of its Fantasy Esports Platform

Fantasy esports platform Esports One announced that it has raised a $4M USD financing round led by XSeed Capital, Eniac Ventures, and Chestnut Street Ventures. The round brings the Santa Monica-headquartered company’s total funds raised to $7.3M.

Esports One revealed that it plans to use the investment proceeds to expand its platform access to global event organizers and support new game titles such as Rainbow Six Siege, Rocket League, Valorant, and Fortnite with customized fantasy games. The company is also looking to focus on monetization and accessibility. Furthermore, Esports One will continue to scale internally, using the funds received for team growth and globalization.

The company reported a 300% increase in platform users since the 2020 League of Legends global esports circuit spring split. Additionally, Esports One partnered with ESL Gaming to bring fantasy esports to global esports events.

Source: Read Full Article