FaceIt esports community raises $15 million to go global

Esports is a growing market, and it isn’t only about the top 1 percent of players in the world that show up for the tournaments you see on Twitch. And one company is basing its growth on serving everyone who is a pro gamer, everyone who wants to reach that level, and beyond.

FaceIt, an esports community platform, has secured $15 million in a Series A funding round. Investment firms Anthos Capital, Index Ventures, and United Ventures all participated in raising the money for the startup, which has more than 3.5 million registered members that use FaceIt to play in a wide range of gaming competitions — some that stream to Twitch and others that don’t. It also works with sponsors and partners like Turner Sports and WME|IMG on tournaments. With this influx of cash, the company will continue investing in its North American office that it is opening in Los Angeles this month. The company will also work with its investors to broaden its reach in Europe as well.