OverActive Media, the parent company of MAD Lions, Toronto Ultra and Toronto Defiant, has announced a second close to its private placement, with the firm receiving a total of over $40m (~£29.11m) in funding.
As a result of the investment, NHL’s Montreal Canadiens has joined OverActive Media’s ownership group. Moreover, Arizona Coyotes’ Phil Kessel and Washington Capitals’ Carl Hagelin have also become the latest in the esports company’s growing contingent of owners who are professional athletes.
According to the release, this is the first time that the Montreal Canadiens has entered the esports industry.