Fnatic has announced a $19 million Series A funding round led by board member and entrepreneur, Lev Leviev, and has also unveiled some changes to their leadership.
Fnatic announced their appointing of founder and former chairman Sam Mathews as CEO, and will use the new influx of finances to fund international expansion and marketing efforts, as well as renew its focus on top-tier leagues, while expand its Fnatic Gear equipment line.
“Esports is the future of entertainment, as well as one of the most dynamic and exciting emerging industries out there,” Fnatic board member Leviev, said in a press release. “Fnatic has established itself as a driving force both on the competitive stage and as a global business in esports. I’m excited to be part of the next chapter as Fnatic scales into a global lifestyle brand.”
“This is a pivotal moment in the evolution of Fnatic,” Mathews stated. “I am incredibly proud of what we’ve achieved over the past 15 years, and now is the time to build on this strong foundation to realize our vision of being the leading global esports brand. To have such high-caliber investors is telling of the potential they see in Fnatic and our future.”