FaZe Clan raises funding from Cox Enterprises

FaZe Clan, one of the older and bigger esports organizations, has raised a round of strategic investment from Cox Enterprises.

The Los Angeles-based FaZe Clan said it will deepen the ties between Cox and FaZe as it tries to embed itself deeper into digital lifestyle and media for gaming and youth culture. AEV CEO Pete Hamilton will join as a strategic adviser on FaZe’s board. The amount of the investment wasn’t disclosed.