IGC announced $26 million funds raised
Immortals Gaming Club (IGC) announced today that it has raised $26 million in a Series B-1 financing round to fuel the ongoing growth of the Company’s core Immortals and MIBR esports team brands as well as IGC’s non-team competitive gaming asset portfolio.
“IGC is focused on investing aggressively in growth in competitive gaming, inclusive of our platform, non-team assets such as Gamers Club, and our core team brands Immortals and MIBR,” said Ari Segal, IGC CEO. “We’ve enjoyed strong growth in our non-team asset portfolio and are excited to leverage a strong balance sheet and focus our energy, time, capital, and other resources on these aspects of the business, as well as current and future esports team assets that authentically serve and deliver for gaming communities around the world.”
It is reported that the investment will extend MIBR coverage in South America, as well as create teams for new disciplines.
Immortals Gaming Club also manages a team of Los Angeles Valiant from the franchise league Overwatch League and the Brazilian platform for the selection of Gamers Club players.
This is not the first major investment attraction from IGC. In May 2019, the company raised $30 million, after which it bought the already mentioned Gamers Club platform.