Esports is a booming business according to surges in funding for top esports teams in the past ten months. G2 Esports, Cloud9, and Team Liquid have all posted record fundraising numbers since the beginning of 2018. Additionally, the amount of funding deals in esports has more than quadrupled since 2015 according to Crunchbase.
The new-fangled sport is on an undeniable upward trajectory. In just the past six months, aXiomatic (Team Liquid’s parent company), Cloud9 and G2 Esports have received a combined $103.3 million in funding from investment entities and celebrities.