Cloud9 raises almost $3 million in investment

Cloud9 raises almost $3 million in investment
Mike Stubbs

American eSports organisation Cloud9 has managed to raise $2.8 million in investments over the last couple of weeks.

The news was discovered by theScore eSports when they found a document filed to the U.S. Securities and Exchange Commission from the Cloud9 organization that detailed the influx of cash.

The news was discovered by theScore eSports when they found a document filed to the U.S. Securities and Exchange Commission from the Cloud9 organization that detailed the influx of cash.
$2.8 million in equity has been sold to unnamed investors in the last two weeks, with the company still looking to increase that to $3 million if possible. The funding round kicked off on November 11th, with 21 separate unnamed investors throwing some cash C9’s way. The organisation is currently only $143,661 short of hitting the $3 million mark.

$2.8 million in equity has been sold to unnamed investors in the last two weeks, with the company still looking to increase that to $3 million if possible. The funding round kicked off on November 11th, with 21 separate unnamed investors throwing some cash C9’s way. The organisation is currently only $143,661 short of hitting the $3 million mark.
This makes Cloud9 the latest team to look for funding, at a time when many are also doing the same. Reunited is currently in sales talks with many big sports clubs while Team Dignitas and Apex Gaming were recently purchased outright by the Philadelphia 76ers.

One big reason for this influx of investment seems to be the announcement of the Overwatch League, which will be a franchise based league with teams having to pitch to Blizzard in order to secure a spot to represent a city. Blizzard flew in many sports team owners to Blizzcon in order to give them all the info, and since then there has been a lot of talks about established teams trying to find investors to get into the league.

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