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Raven raises $1.4 million in seed funding round

Esports apparel manufacturer Raven has raised $1.4 million (£1.13 million) in its seed funding round.

A private equity fund in the United States invested in the company through the round.

Raven will use the capital to increase its market share on a global basis and “drive product innovation” to improve the state of apparel in the esports industry. It will also expand its team, hiring across Europe and North America.

A release states that the funding will enable Raven to develop its unique service offering across “product design, manufacturing, marketing and logistics” for both professional and grassroots esports.