G2 Esports has closed its growth funding round, raising a total of $17.3M for the esports organization and bringing its funding to-date to $26.4M. This round will fund a number of expansion activities for G2, including investment into business and content operation.
The round is led by a number of New York City-based investment groups, including Seal Rock Partners, Parkwood Corporation, and Everblue Management, and a number of tech and sports entrepreneurs including Yext Co-Founder and President, Brian Distelburger; Doodle Founder Myke Naef; and Topgolf Media President, YuChiang Cheng.
The funding round was advised by Inner Circle Sports, a New York-based boutique investment bank that focuses on the sporting industry.
“The backing from this distinguished group of business leaders is a testament to the future growth of this organization,” said G2 Esports CEO Carlos “ocelote” Rodriguez. “After an incredibly successful 2018… G2 is doubling down on international growth, and continuing our investment in world-class content creation.”
Founded in 2014 by Rodriguez and esports veteran Jens Hilgers, G2 operates across a number of esports titles, including in the newly formed League of Legends European Championship (LEC) where the team is currently in first place.