altos ventures

Generation Esports closes $10.8m Series A funding round

Source Node: https://esportsinsider.com/2021/04/generation-esports-closes-10-8m-series-a-funding-round/?utm_source=rss&utm_medium=rss&utm_campaign=generation-esports-closes-10-8m-series-a-funding-round
Time Stamp: April 14, 2021 10:09 AM - Modified On: April 14, 2021 - Published By:
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Republished By Plato

North American esports organisation and competitive platform Generation Esports has announced it has closed its latest Series A funding round with a total of $10.8m (∼£7.83m) secured. The funding raised will be used to support the organisation’s community and student esports initiatives. Image credit: Generation Esports RELATED: High School Esports League launches Generation Esports The funding round was led by early-stage technology company investor Altos Ventures, with FJ Labs also taking part alongside other unnamed entities.  Mason Mullenioux, Co-Founder and CEO of Generation Esports, commented on the funding round: “We are thankful to

Generation Esports Closes $10.8M Series A Investment 

Source Node: https://esportsobserver.com/generation-esports-10-8m-series-a/?utm_source=rss&utm_medium=rss&utm_campaign=generation-esports-10-8m-series-a
Time Stamp: April 14, 2021 9:42 AM - Modified On: April 14, 2021 - Published By:
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Republished By Plato

U.S.-based high school esports infrastructure startup Generation Esports announced that it has closed a $10.8M USD Series A financing round led by early-stage investment firm Altos Ventures with participation from FJ Labs and other investors.  Generation Esports revealed that it intends to use the investment proceeds to support its community and student esports initiatives, including the Middle School Esports League and the High School Esports League (HSEL), which was created by Generation Esports’ founders and is currently partnered with more than 3.4K schools.  Furthermore, the company announced that its sponsors ASUS, Intel, and the Army National Guard have pledged to support Generation Esports and