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How Europe’s Rewired GG fund will invest $57 million in esports

  • Posted byby Dean Takahashi
  • Updated
  • 16 min

A couple of weeks ago, European esports organization Team Vitality has raised €20 million, or $22.7 million, in an investment from entrepreneur Tej Kohli. That was part of a larger commitment by Kohli, through his Rewired GG fund, to invest €50 million, or $57 million, in esports startups.

Team Vitality said it believes the investment was the largest ever for a European esports team. You could say the sector is hot now, as market researcher Newzoo expects the business of esports to reach $1.7 billion in revenue by 2021. Kohli’s bet, shared by Team Vitality’s cofounder Fabien Devide, is that Europe’s esports sector will eventually rival Asian and North American esports markets.

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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.