OverActive Media Closes $40M Investment, Montreal Canadiens Join Ownership Group – The Esports Observer

Toronto-based esports company OverActive Media announced the second closing on their previously announced private placement, bringing the aggregate gross proceeds of their brokered and non-brokered financings to over $40M USD.  

The parent company of three esports franchises, the Overwatch League’s Toronto Defiant, the Call of Duty League’s Toronto Ultra, and the MAD Lions, the current champions of the League of Legends European Championship (LEC), also announced that the National Hockey League (NHL) franchise Montreal Canadiens joined its ownership group as part of the funding. The Canadiens strategic investment in OverActive is their maiden voyage into the esports industry. 

 The company also announced that Phil Kessel of the Arizona Coyotes and Carl Hagelin of the Washington Capitals have joined its list of celebrity and athlete owners. These current NHL stars join Toronto Maple Leafs star forward Mitch Marner and Canadian Grammy Award winning music artist The Weeknd, who were announced previously as members of the OverActive ownership team. 

OverActive Media is currently planning a public listing. 

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