The Berlin-based esports organization G2 Esports announced Tuesday it raised $17.3 million in a Series A funding round, bringing its total outside backing to $24.6 million. G2 Esports was founded in 2014 by Rodriguez, a former League of Legends professional player, and Jens Hilgers, founder of esports production company and tournament organizer ESL. Last year, Forbes named G2 Esports the eighth most valuable esports team in the world, worth an estimated $105 million. "Typically when you hear facility, what you're talking about is a glorified office," Rodriguez says. Esports teams rely heavily on attracting sponsorship dollars through fan engagement.

Source: Forbes February 26, 2019 15:01 UTC