Fnatic received $ 10,000,000 from the last round of investments

According to Fnatic's management, the esports club was able to raise $ 10,000,000 in a new round of investments. It was hosted by venture capital and private company Beringea. Unbound, LVL1 Group, JHD and line-up management decided to increase their investment share and also took part in the funding round.

According to Karen McCormick, Investment Director of Beringea, the choice in favor of Fnatic was quite simple due to the fact that the esports club has gained solid fan support and has a high brand status. Also, in her opinion, esports, although it is not at the most distant stage of its development, in general, is an industry that is experiencing explosive growth.

Fnatic wants to start raising additional funds through the Crowdcube platform. They hope that fans will be sufficiently involved in the new crowdfunding campaign so that, roughly speaking, they can become the owners of Fnatic shares. The campaign will run from November 19th to December 7th and management hopes to raise around £ 1,000,000. Analysts believe that the primary goal of this campaign will not be fundraising, but the club's interaction with Fnatic fans and brand promotion.