Cloud9 secure 'Series A' financing from Reddit co-founder, NFL star Joe Montana, Warriors' owner and more

by Dennis Gonzales Mar 21 2017
Thumbnail image courtesy of Cloud9

Cloud9 have secured a "Series A" financing round from investors such as Reddit co-founder Alexis Ohanian, NFL hall of famer Joe Montana, Golden State Warrior owner Chamath Palihapitiya and many more, according to a press release from Cloud9 on Tuesday.

According to the press release, the round of investment is led by Daniel Fiden of FunPlus Ventures and also includes investment from United Talent Agency and the founder of Eldridge Industries Todd Boehly.

Cited in the press release are statements from Joe Montana and Alexis Ohanian, who suggested that Cloud9's success in various esports titles and large fanbase were key factors to their investment.

“We’ve formed a fantastic group of investors to help push Cloud9 to the next level,” Cloud9 co-founder and CEO Jack Etienne said in the press release. “With this investment you can expect Cloud9 to continue our expansion into the esports market while maintaining an exceptional experience for our players.”

A previous funding round saw Cloud9 seek $3 million USD in November and obtain at least $2.8 million from unidentified investors.

Dennis "Tarmanydyn" Gonzales is a news editor for theScore esports who enjoys whiskey, D&D and first-picking Abaddon Slardar Clinkz Medusa Oracle a P90 my Souvenir Negev Discipline Priest Pharah.You can follow him on Twitter.

Gabriel Zoltan-Johan is a News Editor at theScore esports and the head analyst for the University of Toronto League of Legends team. His (public) musings can be found on his Twitter.