A $500,000 (£425,000), investment was secured by Simplicity Esports and Gaming Company, the US student-led fund director of Triton Funds.
Simplicity Esports is a North American organisation which owns and manages several sports teams, especially Flamengo Esports, competing in the first CBLoL League of Laws in Brazil.
The funds raised from Triton’s investment are intended to support the goals of Simplicity Esports, such as “extension of its range of esporting competitions” and “strong cash flow,” according to a statement.
“Simplicity Esports continues to step closer to our goal to own a franchise team, as our Brazilian legend team, Flamengo Esports, is excelling in the highest competitive rates in Brazil.