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Fnatic secures financing round exceeding $7 million from Boston Celtics and others

Fnatic announced new investors Monday (Fnatic)
Fnatic announced new investors Monday (Fnatic)

Update 11:30AM PST: An earlier version of this article stated that Fnatic had received funding from Hersch Group, citing them as co-owners of the Houston Astros. Fnatic has since corrected this as Hersch Group does not have a relationship with the Houston Astros, and our article has been updated to reflect this correction.

The article continues below.

Esports organization Fnatic has revealed the closing of a financing round worth over $7 million. The investors include the owners of the Boston Celtics and soccer club AS Roma, Hersch Group, the director of MIT Media Lab, and the CEO and founder of Fractal Design.

According to a press release, the funding will be used to improve Fnatic’s esports infrastructure. This includes support staff such as coaches, analysts, sports psychologist, facilities, and academy teams. The funds will also be used to improve growth of its merchandise line.

Fnatic has been rather busy expanding its business as of late. Just last month the esports organization announced its partnership with a Chinese esports agency to expand its brand in China. Last week Fnatic also announced a new Dota 2 roster, comprised of SEA-based players.

Headquartered in London, the organization has signed teams and players in League of Legends, Counter-Strike, Dota 2, Overwatch, Heroes of the Storm, and more. Fnatic founder Sam Mathews recently confirmed in an interview that the organization would be launching a new gaming house in Los Angeles this year to serve as a base for the team’s Overwatch roster.