Team Vitality Received Funding from Several Investment Firms
Justin Lam — February 7, 2018 — Tech
References: dotesports & esportsinsider
ESports organization Team Vitality has secured 2.5 million euros in investments, making it one of the most well-funded teams in European eSports. Funding came from Korelya Capital, an investment company dedicated to the tech ecosystem, Kima Ventures and H26, an investment company owned the the president of a Ligue 1 soccer team. The funds acquired from these companies and firms will be used to further recruit professional players, participate in major eSports events and to create an academy dedicated to the video game League of Legends.
This Team Vitality-run academy is perhaps the most interesting outcome of this investment. The academy would be the first official training ground for professional players and could provide further revenue to Team Vitality.
Team Vitality is currently one of the top organizations in France and this funding further cements the organization's power within the European eSports industry. While eSports has gained quite a bit of footing in North America, the European market has yet to see major support, but this funding may be the first turning point. Team Vitality has also recently secured a deal with adidas, in which the brand will become the official outfitter of the team.
Image Credit: Riot Games
This Team Vitality-run academy is perhaps the most interesting outcome of this investment. The academy would be the first official training ground for professional players and could provide further revenue to Team Vitality.
Team Vitality is currently one of the top organizations in France and this funding further cements the organization's power within the European eSports industry. While eSports has gained quite a bit of footing in North America, the European market has yet to see major support, but this funding may be the first turning point. Team Vitality has also recently secured a deal with adidas, in which the brand will become the official outfitter of the team.
Image Credit: Riot Games
Trend Themes
1. Increased Investment in European Esports - Investment firms are recognizing the potential of the European eSports market, leading to increased funding opportunities for teams like Team Vitality.
2. Emergence of Official Training Academies - The creation of the Team Vitality academy showcases the potential for official training grounds for professional eSports players, opening up new revenue streams for organizations.
3. Growing Sponsorship Deals in Esports - Team Vitality's partnership with adidas signals the increasing interest of big brands in sponsoring eSports teams and players.
Industry Implications
1. Esports Organizations - Investors are now actively seeking opportunities to fund eSports organizations like Team Vitality, which is expected to pave the way for other European teams.
2. Investment Firms - Investment companies like Korelya Capital and Kima Ventures are recognizing the potential of the eSports industry and are providing significant funding to support its growth.
3. Sportswear Brands - Adidas' partnership with Team Vitality highlights the opportunity for sportswear brands to tap into the rapidly expanding eSports market and gain exposure to a new audience.
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