Even many of the most valuable esports organizations still need to raise money to fund growth or because they are not profitable. This has led to esports companies raising capital by the buckets. Gen.G, with $9 million in revenue, raised $46 million last April, and 100 Thieves raised $100 million in July, ten times its revenue. The Esports Observer noted in December, “Following two months that saw more than $200 million in disclosed investments, the Esports Observer tracked $343 million in disclosed investments in the esports industry”. The ultimate upshot for esports organizations is unclear.

Source: Forbes March 15, 2020 12:11 UTC