The fresh prince of esports.
Esports organization Gen.G recently announced that it has managed to raise a whopping $46 million in total funding, of which the contributors comprise of many famous names in sports and entertainment industries.
The list of investors include:
- Actor Will Smith
- Japanese football player Keisuke Honda’s Dreamers Fund
- Los Angeles Clippers minority owner Dennis Wong
- Former Chairman of US Investments Alibaba Group Michael Zeisser
- MasterClass Co-Founder and CEO David Rogier
- New Enterprise Associates (NEA)
- Conductive Ventures
- Battery Ventures
- Canaan Partners
- SVB Capital
- Stanford University
This is going to be a massive push forward for the South Korean-based esports team. Formerly known as KSV Esports, Gen.G is prominent for having esports teams like the Overwatch League’s Seoul Dynasty, as well as other teams for League of Legends, PUBG, Call of Duty Black Ops 4, and Clash Royale.
According to a news post on the esports organization’s official website, the $46 million capital investment will “support the ongoing expansion of Gen.G’s global footprint, the development of Gen.G’s youth esports academy program; and the launch of Gen.G’s Los Angeles headquarters opening in July 2019.”
In other recent news, Gen.G has also formed another new all-female esports team for Fortnite, as well as won championships in both PUBG and Heroes of The Storm.
Honda had this to say about the massive investment in Gen.G with his partner Will Smith:
“I am excited that Dreamers Fund, the fund that I co-launched with Will Smith, is now investing in Gen.G. Esports is not yet big in Japan, but we are seeing tremendous growth there and globally, which is very positive.
We decided to invest in Gen. G because of their incredible team and grand vision to become a leader in the space. We truly look forward to working with Gen.G to boost the esports industry around the world.”