Dallas-based esports organisation Envy Gaming has announced a $40m (~£28.7m) investment round, with American media company Gray Television leading the funding.
As the lead investor in Envy’s Series C round, Gray Television will invest $28.5m (~£20.5m) and name two directors to the organisation’s board of directors.
Hilton H. Howell, Jr., Gray’s Executive Chairman and CEO commented: “We’re excited to lead this investment in Envy Gaming, an organisation known for breaking ground and pushing the limits of what the future holds for gaming and entertainment.