Nerd Street Gamers raises $12 million for building esports facilities


Nerd Street Gamers has raised $12 million in funding from Philadelphia discount retailer Five Below (and others) to build esports Localhost facilities that house leagues, training camps, tournaments, and showcases.

Other investors include Comcast, SeventySix Capital, Elevate Capital, and angel investor George Miller. The deal is one more example of an investment boom for esports. Professional teams, as well as amateur esports players, can use these centers. Amateurs can rent the spaces when needed.

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