Esports Hero raises $1M to get gamers competing for cash

You don’t need to quit your job to start making money from playing games.

Esports Hero is a fresh startup in the competitive-gaming space, and it has raised $1 million in financing to expand its real-money cash tournaments. Esports Mogul, an Australian investment group, led the round. With this influx of cash, Esports Hero is hoping to attract new players from a variety of skill levels while also building new features into the platform. Pro gaming is a budding business that already has 188 million people regularly tuning in for events for games like multiplayer online arena battler League of Legends and shooter Counter-Strike: Global Offensive. Intelligence firm SuperData Research projects esports will generate $2 billion in revenue by 2018, and Esports Hero has a strategy to capture a piece of that.