Cloud9 Hits the Jackpot - Raises $2.8 Million From Unknown Investor
Can you imagine waking up one day and finding yourself $2.8M wealthier?
That's the reality for the Cloud9 Esports, Inc. organization after receiving this sum from an unknown investor, according to this U.S. Securities and Exchange Commission filing by the Esports organization.
C9 was created in 2012 after CEO Jack Etienne bought the League of Legends team from Quantic Gaming for $10,000 USD. Since then, C9 has grown its brand and expanded into other competitive titles such as CS:GO, Hearthstone, Overwatch and Smite.
With all the recent investments being made into the Esports scene, mainly by NBA franchises and associates, it was only a matter of time for Cloud9 -- a prominent name in Esports -- to receive some interest.
Cloud9 has won its fair share of splits in the NA LCS. While they have proven their status in North America, they have yet to show any promise on the LoL international stage.
We will have to wait and see how these newly acquired resources will be put to use.