Tez Game - Hot News, Reviews & Everything Else in the World of Video Games

Team Vitality secure 2.5 million euros in funding from multiple investment companies

The organization is looking to use the money to boost development in various areas.

Paul Walker Feb 5, 2018 4:38 pm

French esports organization Team Vitality has raised 2.5 million euros in an investment round in order to expand its reach to multiple new games.

Funding comes from the likes of Korelya Capital, an investment company dedicated to supporting the tech ecosystem, Kima Ventures, and H26, an investment company owned by Olivier Delcourt who is president of Dijon FCO, a Ligue 1 soccer team.

“Vitality’s ambition is to become an undisputed European leader whose teams participate in all the major professional esports leagues,” Nicolas Maurer, CEO of Team Vitality, said in the press release. “The fundraising, along with our partners, will let us accelerate our growth and consolidate our position among the biggest esports brands in Europe.”

Team Vitality will be using its new funds to recruit the best players for multiple leagues around the world. It also plans to create an academy dedicated to League of Legends. Vitality already has a League academy team taking part in tournaments in France. The academy being proposed could be a school dedicated to teaching up-and-coming players how to be the next big superstar.

Team Vitality currently fields players in dozens of games including League of Legends, Rainbow Six, and PlayerUnknown’s BattleGrounds. Its League team currently sits at the top of the EU LCS after the third week of the Spring Split.

You May Also Like

Phil Spencer admits Xbox didn’t release enough games in 2022

Josh Brolin Jan 28, 2023 1:10 pm
"2022 was too light on games."

Microsoft seeks court order that would force Sony to give up PlayStation production details as part of FTC lawsuit defense

Josh Brolin Jan 23, 2023 7:12 pm
This deal is still a long ways away from being completed.

Microsoft’s Phil Spencer tries to boost morale with an email after ‘painful’ layoffs

Brian Tyler Jan 20, 2023 8:11 pm
Maybe the leadership is what needs to be questioned

FaZe Clan partners with Porsche to ‘let your dreams take the wheel’

Tyler Rake Jan 19, 2023 2:11 pm
The iconic car brand has partnered with one of esports' biggest brands.

Riot confirms 46 people have been laid off, labels it as ‘strategic shifts’

Danai Gurira Jan 19, 2023 1:11 pm
Not an easy decision to make.

Starfield and Halo developers ‘hit hard’ by massive Microsoft layoffs

Brian Tyler Jan 18, 2023 6:10 pm
Another dark day in game development.