Team owner G2 Esports raises $17.3 million

Funding Rounds

▤ Summary

NEW YORK (Reuters) - G2 Esports, owner of 11 teams that compete in video game competitions around the world, said on Tuesday it had raised $17.3 million from private equity firms and sports, real estate and technology investors. Investors include New York private equity firm Seal Rock Partners, affiliated with oil and gas investor Jonathan Z. Cohen, real estate executive Al Tylis of NorthStar Asset Management Group Inc, and YuChiang Cheng, president of TopGolf Media, a unit of TopGolf International. G2 will use the money to speed its global expansion, pay franchise fees and further its investments in business and content operations, it said. “G2 is doubling down on international growth and continuing our investment in world-class content creation,” Rodriguez said in a statement. G2’s financial adviser on the deal was the boutique New York investment bank Inner Circle Sports.

$ Funding

$
Amount $17.3M Total raised
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Date February 26, 2019 Announcement date
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Investors Seal Rock Partners Lead investors
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Company http://www.g2esports.com Funded company

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