Cloud9 are on the verge of a $25 million Series A investment. This comes days after their announcement of securing a spot in the Overwatch League. A buy-in into the Overwatch League means an investment of $20 million paid over time. In addition to this, Cloud9 are also looking to buy into Riot’s upcoming franchise model.
Cloud9 has currently raised $19.7 million of its intended $25 million offering. This round is the second series of investments the company has taken.
Most of this money will be going towards securing their spots in two of the biggest leagues for the upcoming decade. They will also making some new hires, most of which you can read on their website.