Esports investment fund and management company Vision Esports has raised $38 million in funding.

The organisation aims to use the money to invest in more companies in the competitive gaming space.

Following the funding round, it is now the largest shareholder in esports outfit Echo Fox, analytics firm Twin Galaxies and live event producer Vision Entertainment.

Competitive investment

The investment round was led by Evolution Media, as well as other sports organisations and athletes including American football star Odell Beckham Jr., the New York Yankees, Shamrock Holdings, Seth Bernstein Capital Management, First Access Entertainment’s Simon Tikhman and others.

You can read the full story on PocketGamer.biz.