Esports infrastructure company Nerd Street Gamers (NSG) has raised $11.5m (£8.48m) in additional funding, with the round led by venture capital firm Founders Fund.
According to the release, the additional funds will be used to accelerate growth within the company.
Despite the closure of NSG’s Localhost facilities due to the coronavirus pandemic, the company still achieved growth thanks to the firm’s digital offerings which ranged from Nerd Street+, the company’s subscription service, to hosting a number of online tournaments.
John Fazio, Founder and CEO of Nerd Street Gamers, commented on the deal: “Nerd Street being added to Founders Fund’s portfolio of industry-pioneering organisations is one of our greatest honours to date.