Overwatch League esports team owners, investors breakdown: VC, Kraft - Business Insider

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The 23 investors pouring millions into Overwatch esports teams — from Patriots owner Robert Kraft to Chinese conglomerates

is one of China's most popular platforms for video game broadcasts. The company is valued at more than $4 billion and generated $300 in revenue during the third quarter of 2019.the company is considering expanding to the United States in the coming years. Huya launched in Latin America and other parts of Asia last year.is a Los Angeles-based esports organization sponsoring teams and individual players in more than a dozen different games.

Cloud9 was cofounded in 2013 by Jack and Paulie Etienne, and the couple serve as CEO and COO, respectively. The organization has raised $73 million in funding, according to Crunchbase.Envy Gaming began as a professional "Call of Duty" team in 2007 and currently fields teams in the Call of Duty League, Overwatch League, "Fortnite," and "Counter-Strike: Global Offensive.

Led by CEO Mike Rufail, the Dallas-based organization announced $20 million in Series A funding in January 2019 and hosts events in the Esports Stadium Arlington, a $10 million venue with room for 2,500 fans.is a Miami-based esports organization with teams competing in "Overwatch," "Call of Duty," "League of Legends," "NBA 2K," and "Super Smash Bros.

CEO Ben Spoont cofounded the organization in 2016 with Syfy Channel founders Laurie Silvers and Mitch Rubenstein, and later partnered with the Miami Heat to establish the NBA team's esports affiliate.Nenking is a Chinese conglomerate with holdings in real estate, property management, and professional sports. Nenking owns a basketball team, the Guangzhou Long-Lions, and sponsors the Eastern Sports Club in Hong Kong.

 

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