Toronto-based esports betting operator and media company Rivalry has successfully raised $22m (~£15.9m) in funding led by Eight Capital and Cormark Securities.
The oversubscribed round means Rivalry has now raised a total of $44m (~£31.8m) in the last 12 months. This includes a $20M infusion in March to scale the company’s operations and country licensing programme.
According to Forbes, the latest financing round values Rivalry at $150M.
Rivalry has additionally announced it intends to take the company public through a direct listing on the Toronto Stock Exchange by October.