Esports has a huge, enthusiastic audience.
Categories

Russia’s largest esports community receives a potential $100M investment

  • Posted byby Mike Minotti
  • Updated
  • 1 min

In Soviet Russia, esports play you!

Russian global investment conglomerate USM Holdings has given an amount that may exceed $100 million to Virtus.pro, the country’s largest esports community. Esports will generate $1.8 billion a year by 2020, according to Colin Sebastian, analyst at R.W. Baird. This new investment shows the global reach of the phenomenon.

Unlock premium content and VIP community perks with GB M A X! Join now to enjoy our free and premium perks. 

Join now →

Sign in to your account.

Written by

Mike Minotti

Mike Minotti has been with GamesBeat since 2012, starting as an intern. Based near Youngstown, Ohio, he now manages GamesBeat's editorial team. He's also a prolific podcaster, appearing on multiple shows covering the gaming industry.