ReKTGlobal Secures $35M Financing Round to Support Its Growth

Esports-focused company ReKTGlobal announced Thursday that it has raised a $35M USD financing round from investment firm Summit Partners. ReKTGlobal, which was founded in 2017 by Amish Shah and Dave Bialek, owns several esports assets such as the LEC franchise Rogue, Call of Duty League team London Royal Ravens, content creation agency Greenlit, and more.

ReKTGlobal, which according to its CEO Bialek is “one of the very few esports companies to have reached profitability,” intends to use the investment proceeds to support its product portfolio expansion, asset monetization, and the company’s international growth through key executive hiring across its owned and operated companies. Furthermore, the company is looking to make additional acquisitions within the esports, gaming, and entertainment space.

Existing investors of ReKTGlobal include Find Your Grind CEO Nick Gross and a list of celebrity investors consisting of music executive Anthony “Top Dawg” Tiffith; musical artists Steve Aoki, Imagine Dragons, and Nicky Romero; and pro athletes Rudy Gobert, Landon Collins, and Taylor Fritz.


Source: Read Full Article