Esports startup Faceit parlays 1.5M registered users into $2M funding round

Another startup has dreams of finding a new niche in esports, and it now has a couple of extra million dollars in its pocket to help it do so.

Faceit bills itself as the “fastest-growing competitive gaming platform,” and the London-based firm raised $2 million earlier this year in what it’s calling a “pre-Series A” bridge round. United Ventures led the funding, convinced to do so thanks to the startup’s 1.5 million registered users, 2 million monthly uniques, and 5 million hosted gaming sessions. Esports now reaches 134 million people worldwide and drives $600 million in yearly revenue, a May report from research firm Superdata found, so it’s no surprise investors are looking for opportunities in this growing sector of video games.