In a Series B funding round, Fnatic, a popular esports organization, announced that it has secured around $17 million with Marubeni Corporation leading the funding round. For esports enthusiasts in Asia, this is exciting news as the investment from the Japanese conglomerate will help the esports organization expand into the Asia Pacific esports markets.
Esports has seen a massive boom in Japan; the esports market is growing at an accelerated rate. The esports market is expected to grow more than 250% in value between 2019 and 2023. In the year 2020, more than 6.9 million people attended esports events in Japan. This was a 42% spike from the previous year.
Sam Mathews, CEO and Founder, Fnatic said, “We’re so excited to have the strategic know-how of Marubeni leading this funding round. Marubeni’s knowledge of Japan’s business landscape will be a huge asset to Fnatic as we expand our commitment to Asia-Pacific.”
The fact that Marubeni is leading the Series B round means that Fnatic will be able to support the Rainbow Six Siege team with their plans to relocate to Japan. This boost in funding for the London based team will definitely allow it to grow even further, especially in the region of Asia.
Founded in 2004, Fnatic is a global esports organization which is headquartered in London, United Kingdom. The organization is one of the most successful firms in the esports space globally. It has around 40 professional athletes spread across eight video game titles. Fnactic was recently listed by Fast Company as the 6th Most Innovative Gaming Firms of 2021.
Donna Amo is a writer at Gutshot Magazine. She is a graduate from Sophia College of Women, Mumbai with a degree in English Literature. When this October born foodie is not writing content or poetry, she spends her time laughing at memes or watching series. Based out of Mizoram, she is drawn to all things nature and has a soft spot for puppies.
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