- FaZe Clan — one of the most followed gaming organizations — announced it has raised $40 million in Series A funding
FaZe Clan — one of the most followed gaming organizations — announced it has raised $40 million in Series A funding. The funding will be used for supporting expansion, player acquisitions, and operations.
This news follows last week’s announcement of FaZe Clan’s partnership with Jimmy Iovine and NTWRK — which led the round.
The investors in this round also included a group of renowned change-makers across entertainment, sports, and music. The list includes rapper Pitbull, pro skateboarder Nyjah Huston, rapper Swae Lee, rapper Yo Gotti, music executive Sylvia Rhone, entrepreneur Troy Carter, rapper and producer DJ Paul, singer and TV personality Ray J, actor Chris O’Donnell, actor Chris O’Donnell, radio host Big Boy, NBA player Meyers Leonard, soccer player Gregory Van Der Wiel, NBA player Josh Hart, talent manager Guy Oseary, EDM production duo Disco Fries, NBA player Jamal Murray, rapper Offset.
“These influential investors recognize the cultural significance of FaZe Clan as well as the enormous business opportunities around our content, esports teams, and apparel,” said FaZe Clan CEO Lee Trink. “We have a hyper-engaged global audience and FaZe Clan is the most powerful lifestyle brand in all of gaming. This round of funding provides the capital to continue to reshape the future of sports and entertainment.”
FaZe Clan also launched the Fight2Fund initiative, a weekly online pro-am tournament that raised roughly $125,000 in four weeks for those affected by COVID-19. Through Fight2Fund, FaZe Clan provided an opportunity for athletes, musicians, content creators, and brands to interact with the gaming community while putting their time, energy and ad dollars toward a good cause. Plus FaZe Clan teamed up with Verizon as their preferred gaming partner in their #PayItForwardLIVE initiative through weekly gaming events focused on supporting small businesses affected by COVID-19.
Since launching in 2010, FaZe Clan has established itself as a prominent gaming organization known for its disruptive original content and hyper-engaged global fanbase of 215 million combined across all social platforms. The organization’s roster of 85 influential personalities consists of world-class gamers, engaging content creators, and a mix of talent beyond the world of gaming, including NBA star Ben Simmons, NFL star Juju Smith-Schuster and global superstar artists Offset and Lil Yachty. And the organization’s esports division includes 7 competitive teams in Fortnite, FIFA, PUBG, PUBG Mobile, Rainbow Six, Call of Duty League (Atlanta FaZe) and CS:GO with dozens of world championship trophies among them.