In a statement, Reddit co-founder Alexis Ohanian likely expressed the feeling of many of the investors entering eSports. “Growing up, I wanted to own an NFL team,” Ohanian said. The organization also won "Best Esports Team" at the 2016 Game Awards. “We’ve formed a fantastic group of investors to help push Cloud9 to the next level,” Jack Etienne said in a statement. “With this investment you can expect Cloud9 to continue our expansion into the eSports market while maintaining an exceptional experience for our players.”

Source: Forbes March 21, 2017 19:00 UTC