Fnatic cofounder Sam Mathews.
Fnatic cofounder Sam Mathews.
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Fnatic raises $19 million to expand its global esports brand

Fnatic, the London-based global esports brand, has raised $19 million in funding to fuel its expansion. It also shuffled its executive team.

Fnatic founder Sam Mathews will become CEO again, while former CEO Wouter Sleijffers is stepping down after four years. Nick Fry, former Mercedes AMG F1 CEO, has been named chairman, and Affectv founder Glen Calvert has been named chief operating officer.

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Written by

Dean Takahashi

Dean Takahashi is editorial director for GamesBeat. He has been a tech journalist since 1988, and he has covered games as a beat since 1996. He was lead writer for GamesBeat at VentureBeat from 2008 to April 2025. Prior to that, he wrote for the San Jose Mercury News, the Red Herring, the Wall Street Journal, the Los Angeles Times, and the Dallas Times-Herald. He is the author of two books, "Opening the Xbox" and "The Xbox 360 Uncloaked." He organizes the annual GamesBeat Next, GamesBeat Summit and GamesBeat Insider Series: Hollywood and Games conferences and is a frequent speaker at gaming and tech events. He lives in the San Francisco Bay Area.