Esports firm Cloud9 lands $50m investment via Series B funding round
By Alex Calvin, PCGamesInsider Contributing Editor
Esports outfit Cloud9 has raised $50 million in a Series B funding round.
The company has professional competitive teams across a raft of games, including Fortnite, Clash Royale, Hearthstone, League of Legends, Counter-Strike: Global Offensive, Overwatch and more.
Forbes reports the latest investment round was led by Valor Equity Partners, with its founder Antonio Gracias joining the Cloud 9 board.
Other investors included TrueBridge Capital Partners, Reimagined Ventures and Glassdoor founder Robert Hohman.
Alex Calvin is a freelance journalist who writes about the business of games. He started out at UK trade paper MCV in 2013 and left as deputy editor over three years later. In June 2017, he joined Steel Media as the editor for new site PCGamesInsider.biz. In October 2019 he left this full-time position at the company but still contributes to the site on a daily basis. He has also written for GamesIndustry.biz, VGC, Games London, The Observer/Guardian and Esquire UK.