- Esports organization Gen.G announces it has raised $46 million in a funding round led by some big names in sports and entertainment.
- This most recent round of investors includes actor Will Smith and Japanese soccer player Keisuke Honda’s Dreamers Fund, as well as Los Angeles Clippers minority owner Dennis Wong and Alibaba Group’s former chairman of U.S. investments, Michael Zeisser.
The round also brought in tech-focused venture capital firms such as New Enterprise Associates and Battery Ventures.
Gen.G CEO Chris Park, a former executive vice president at Major League Baseball, told CNBC that the $46 million investment further cements the “incredible excitement” around the growing esports industry. “We were actually over-subscribed” in terms of potential investors and sponsors, he said. “We had to take a step back a bit and determine the right kinds of partners for what we’re trying to do, [to see] who had their own unique way to contribute their time, expertise and experience to areas we’re trying to grow.”
tags: Will Smith