Esports merchandise company We Are Nations has announced the closure of a funding round.
As a result, Esports Ventures LLC have invested in the company as it aims to expand into Europe. It’s looking to undergo a Series A funding round in 2020.
We Are Nations will use the additional capital – of which the exact amount hasn’t been disclosed – to “boost enterprising new activity” through its existing channels, as well as expanding the availability of the merchandise it produces into “non-endemic retail channels both on and off line”.
Dan Cardell, Managing Partner of Esports Ventures LLC commented on the investment in a statement: “We Are Nations is a well-respected name in the esports merchandising space and is known throughout the United States and internationally, and we believe that now is the opportune time to team up with them to help accelerate their impressive growth trajectory.”
Esports Ventures LLC is a venture capital group led by its Managing Partner, Dan Cardell – who has also joined the board of the merchandise company following the round. Cardell is also involved with venture capital firm Independence Equity and artificial intelligence company Ascent Robotics.