“In October, Cloud9 became the world’s most valuable esports team after raising $50 million in Series B funding, leading Forbes to peg the team with a $310 million valuation. The same report also estimated that a total of nine esports teams worldwide are worth at least $100 million,” according to CNBC.
The esports industry is also attracting a slew of big-name investors including Michael Jordan, Mark Cuban and New England Patriots owner Robert Kraft.
“One big trend some esports players are betting on is the continued entry of non-endemic companies into the space. In 2018, a rush of non-gaming companies, from autos to telecom, struck deals and sponsored events, leagues and teams alongside more traditional tech and gaming-related names,” reports CNBC.
ESPO jumped 3.47% last week.
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