Nerd Street Gamers' Localhost facility for esports.
Nerd Street Gamers' Localhost facility for esports.
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Nerd Street Gamers raises $12 million for building esports facilities

  • Posted byby Dean Takahashi
  • Updated
  • 2 min

Nerd Street Gamers has raised $12 million in funding from Philadelphia discount retailer Five Below (and others) to build esports Localhost facilities that house leagues, training camps, tournaments, and showcases.

Other investors include Comcast, SeventySix Capital, Elevate Capital, and angel investor George Miller. The deal is one more example of an investment boom for esports. Professional teams, as well as amateur esports players, can use these centers. Amateurs can rent the spaces when needed.

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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.