Esports is big, but it needs to a better payment system.
Esports is big.
Categories

Esports Players League secures $1 million, 500 Startups leads investment

  • Posted byby Mike Minotti
  • Updated
  • 1 min

The Esports Players League announced today that it has finished a seed round worth $1 million. Venture capital firm 500 Startups lead the round.

Esports Players League would not disclose how much 500 Startups contributed, but did note that it’s a “significant portion” of the $1 million total. This $1 million in funding will help ESPL launch its first tournaments. The company’s first season will run from April to November 2020. Its headquarters is in Singapore.

Unlock premium content and VIP community perks with GB M A X!
Join now to enjoy our free and premium membership perks.
Join Now
Already a member? Sign in
Written by

Mike Minotti

Mike Minotti has been with GamesBeat since 2012, starting as an intern. Based near Youngstown, Ohio, he now manages GamesBeat's editorial team. He's also a prolific podcaster, appearing on multiple shows covering the gaming industry.