eSports Insider · May 4, 2021
Beastcoast closes $2.5m pre-seed funding round
Yesterday, North American esports organisation Beastcoast closed its pre-seed funding round at $2.5m (~£1.8m).
The capital raise saw participation from Andover Ventures, Elevate Ventures, and Techstars, alongside angel investors Steven Temares (formerly of Bed Bath & Beyond) and Scott Dorsey, a Managing Partner at High Alpha Ventures.
According to the release, the funding has been utilised over the last two years throughout the pre-seed round to facilitate Beastcoast’s expansion. This included bolstering its content team, acquiring a North American Rainbow 6 Siege Pro League slot, and expanding into Dota 2.