Cloud9 Raises $25 Million


The competitive gaming industry is booming. Over the past few years, eSports have been receiving a lot of attention. Monetary investments, however, have, until now, been lacking.   Over the past few months, eSports organizations have been receiving Series A investments from outside sources.  This round of investment is the first of the year, and Cloud9 came out swinging.

Cloud9 runs teams in several games including League of Legends, Overwatch, CS:GO, and Hearthstone.  Additionally, the organization recently acquired the London franchise for the new Overwatch League that will start in 2018.

The list of new investors to Cloud9 is long. It includes WWE, the Beverly Hills Sports Council, and San Francisco Giants player Hunter Pence.

If you are wondering why investors would put so much stock in eSports, the words of WWE CFO George Barrios state it pretty clearly.  He said: “At WWE, we are constantly looking to innovate through our venture portfolio, and eSports is particularly exciting to us. We believe Jack and the team at Cloud9, with their vision, enthusiasm and ability to execute, are the right partners.”

Owner of the organization Jack Etienne said of the investments: “We will now invest in expanding across leagues, outfitting our training facilities and housing, and taking the entire organization to the next level.”

Etienne also has hinted at interest in building a facility just for Cloud9 teams.  If investments in the organization continue to stack up, this will be an easy goal to achieve.

Cloud9 was formed in 2013 by Etienne and his wife Paullie Etienne.  It is the largest name in North American eSports with eight different teams.  Etienne hoes to expand further in the future.

Share this article:

Share on facebook
Share on twitter
Share on linkedin
Share on tumblr
Share on email
Share on whatsapp

Recent Posts

No Rest for the Wicked Key Art Gaming News

No Rest For The Wicked Launch Trailer

Many people are most familiar with Moon Studios from their games in the Ori universe. Those games are filled with some of the best and most complex platforming mechanics and …


Are Subscription Services Like Xbox’s Game Pass Good for Developers?

People have questioned the benefit of Game Pass since its original release in 2017. Subscription services can have amazing benefits for the consumer but does it negatively impact developers? The …

Kamikaze Lasspalnes in game screenshot PAX East

A Plane Dating Sim? Kamikaze Lassplanes @ PAX East 2024

When we say that Shidosha has an interesting taste in games, we are not exaggerating. Are you into bullet hell shooters? How about dating sims? Well if that piques your …

No Love Lost - person fighting an alien creature PAX East

A Colorful Competitive Extraction Shooter – No Love Lost @ PAX East 2024

No Love Lost is a new extraction shooter from Ratloop Games Canada. You are dropped onto an alien world and have to compete against not only the enemy team but …

Heartworm game art. A woman with short dark hair holding a camera PAX East

A PS1 Styled Masterpiece – Heartworm @ PAX East 2024

PAX continues to deliver new and unique gaming experiences. This year, one of our favorite games was Heartworm, a PS1 style horror game with Tank controls. Inspired by games like …

Warframe and Soulframe Live Devstream at PAX East Gaming News

Warframe and Soulframe Make an Apprearance at PAX East 2024

Digital Extremes held their most recent Devstream live during PAX East 2024, celebrating 11 years of Wareframe. One of the most exciting bits of news was the deeper look into …