Vision Esports, an investment fund focused exclusively on professional video gaming, has finished a $38 million funding round led by Evolution Media, the firm founded by Creative Artists Agency and TPG Capital.
It's one of the bigger efforts to gather money in the fast-growing esports industry. Other new Vision Esports investors include baseball's St. Louis Cardinals, Giants wide receiver Odell Beckham Jr. and NBA All-Star Kevin Durant. They join the New York Yankees, whose investment was announced last year.
With the cash influx, Vision Esports becomes the largest shareholder in its three properties: Echo Fox, the esports team founded by former NBA player Rick Fox; Twin Galaxies, a stats and ranking company; and Vision Entertainment, which produces esports video content.The firm's long-term goal is to have a business interest in all parts of the esports industry, says Managing General Partner Stratton Sclavos, a former San Jose Sharks co-owner.