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
"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!