Nerd Street Gamers raises $11.5 million for digital esports platform

Posted byby Dean Takahashi
February 2, 2021
Updated June 20, 2025
2 min

Nerd Street Gamers has raised $11.5 million to expand its digital esports platform even while its esports training centers have been closed.

The new money comes from San Francisco venture capital firm Founders Fund. Previously, Nerd Street Gamers raised nearly $12 million from Philadelphia discount retailer Five Below (and others) to build esports Localhost facilities that house leagues, training camps, tournaments, and showcases.

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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.