Investment season is all along in the world of eSports. But do you know much of it did Team Envy secure? $20 million is the amount. Yes you heard that right, as Team EnVy attracted almost $ 20 million investment from an unnamed source. The American club Team EnVyUs received $ 19,999,315.
The investment was received from an investor who refused to publicly disclose the identity. StreetInsider announced the news with reference to the documents of the US Securities and Exchange Commission.
Credits: Team Envy
Esports team org @Envy has raised $20M from unnamed new investors. https://t.co/cHTPpz6coO
— Ben Fischer (@BenFischerSBJ) January 4, 2019
The division plans of the investment has not been announced yet. As of January 2019, the organization owns CS: GO, Call of Duty, PUBG, Fortnite, FIFA, Rocket League, Paladins, and Street Fighter compositions. The club also owns the Dallas Fuel franchise in the Overwatch League. Let’s see what the future holds for the club in the competitive circuit.
