A Snapshot Of Venture And Startup Activity In Esports

It’s now common knowledge that competitive gaming, better known as esports, is a real industry. Recent numbers underscore the fact.

A short time ago, the 2019 League of Legends world finals wrapped up in a Paris arena that had previously hosted Metallica and Ariana Grande. But the packed venue could hold a mere half percent of the four million max concurrent viewers that tuned in to the competition online. The biggest pieces of a multi-million dollar prize pool were up for grabs as FunPlus Phoenix, a Chinese team, walked 3-0 over G2 Esports, a European team.

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Story excerpt provided by Crunchbase News.

Written by Alex Wilhelm.

Originally published November 15, 2019.