North American esports organisation and competitive platform Generation Esports has announced it has closed its latest Series A funding round with a total of $10.8m (∼£7.83m) secured.
The funding raised will be used to support the organisation’s community and student esports initiatives.
The funding round was led by early-stage technology company investor Altos Ventures, with FJ Labs also taking part alongside other unnamed entities.
Mason Mullenioux, Co-Founder and CEO of Generation Esports, commented on the funding round: “We are thankful to Altos Ventures, FJ Labs, and additional investors and sponsors for supporting our ability to improve our industry-leading competitive esports platform.