Immortals raises $30 million for esports expansion, acquires Brazil’s Gamers Club

Global esports organization Immortals has raised $30 million and acquired Brazil’s game matchmaking platform Gamers Club. It is rebranding itself as Immortals Gaming Club.

The deal comes just hours after Fnatic, a London-based esports club, announced it had raised $19 million in funding. Market researcher Newzoo forecasts that esports revenue will grow from $906 million in 2018 to $1.7 billion by 2021, and this is a sign that investors are hot on this space.