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Vulcun raises $12M for fantasy e-sports tournament startup

  • Posted byby Dean Takahashi
  • Updated
  • 3 min

Vulcun, a tournament site for fantasy e-sports, announced today that it has raised $12 million in venture capital from Sequoia Capital and other investors. That’s a big blessing for fantasy e-sports, or a business that is all about tournaments for game spectators who create fantasy sports teams around their favorite professional gamers.

The funding is a signal that e-sports, where fans watch professional gamers battle each other in video games, has become such a big worldwide business that it is now spinning off related businesses, much like professional sports leagues led to a boom in fantasy sports leagues.

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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.