Cloud9 receives huge investment funds estimated at “several millions” of dollars

The North American “Best Esports Team of 2016”, Cloud9, is now multi-million dollar richer thanks to the newest investment deal by a group of large figures in business.

The organization announced a Series A funding by a group of prominent sports investors yesterday. While they didn’t specify the amount of money invested, LA Times reports it’s “at least several million dollars.” The investment group is led by Daniel Fiden of FunPlus Ventures and includes prominent current and former athletes, traditional sports team owners, and popular tech and internet entrepreneurs.

Some names include San Francisco Giants outfielder Hunter Pence, Tesla board members Antonio Gracias and Kimbal Musk, Reddit co-founder Alexis Ohanian.

“We’ve formed a fantastic group of investors to help push Cloud9 to the next level,” said Jack Etienne, co-founder and CEO of Cloud9. “With this investment you can expect Cloud9 to continue our expansion into the esports market while maintaining an exceptional experience for our players.”

While the organization wasn’t specific about how it’s going to use the money, it’s likely preparing to bid for a team spot in the highly-anticipated Overwatch League that’s set to start in the third quarter of 2017. It’s been rumored that Blizzard is seeking millions for these spots.