Posted in: eSports, Games, Video Games | Tagged: covid-19, eSports, FaZe Clan, online gaming

FaZe Clan's Series A Details Revealed To Help Fight COVID-19

Published Mon, 20 Apr 2020 11:40:52 -0500

The world's most popular gaming organization, FaZe Clan, recently released specifics of it's closed $40 million Series A round of funding. This funding will support player acquisitions, expansion, and operations. This news comes off the tail following last week's announcement of FaZe's newest partnership with Jimmy Iovine and NTWRK.

Investors in this deal include;

Pitbull – Award-winning rapper, entrepreneur, actor and philanthropist
Nyjah Huston – Professional skateboarder, 12-time X-Games gold medalist, and reigning world champion
Swae Lee – Grammy-nominated rapper, composer and member of Rae Sremmurd
Yo Gotti – Rapper and songwriter
Sylvia Rhone – Chair and CEO of Epic Records
Troy Carter – Music industry veteran and entrepreneur
DJ Paul – Rapper, producer, songwriter and founding member of Three 6 Mafia
Ray J – Singer, songwriter and TV personality
Chris O'Donnell – Actor
Big Boy – Nationally syndicated radio host
Meyers Leonard – NBA superstar and Miami Heat player
Gregory Van Der Wiel – Dutch football/soccer player
Josh Hart – New Orleans Pelicans forward/shooting guard
Guy Oseary – Talent manager and Maverick founder
Disco Fries – American production duo known for EDM
Jamal Murray – Denver Nuggets point guard/shooting guard
Offset – Global superstar rapper, previously announced investor

Series A from FaZe Clan has an effort in the works to aid fighting COVID-19.

"These influential investors recognize the cultural significance of FaZe Clan as well as the enormous business opportunities around our content, esports teams and apparel," said Lee Trink, CEO, FaZe Clan. "We have a hyper-engaged global audience and FaZe Clan is the most powerful lifestyle brand in all of gaming. This round of funding provides the capital to continue to reshape the future of sports and entertainment."

With the ongoing worldwide COVID-19 pandemic, they've created the Fight2Fund initiative, which has already raised roughly $125,000. The funds raised will go to help those affected by COVID-19. This initiative gives opportunities for artists, athletes, and brands to interact with the gaming community –– while the ad dollars go to help those in need. FaZe has also partnered up with Verizon in their #PayItForwardLIVE initiative via weekly gaming events, whose focus is to help small businesses.

The online gaming world has stepped up across the globe to help those affected by COVID-19. Even celebrities and artists have come together to bring us fresh, free content, and while also raising money to help fight this invisible enemy. Have a cause you think we should cover? Let us know in the comments below!

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