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Global Esports Brand Fnatic Raises $19M in Series A Funding Round



Global Esports Brand Fnatic Raises $19M in Series A Funding Round
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New leadership announced naming former Mercedes AMG Formula One CEO, Nick Fry as Chairman, Entrepreneur Glen Calvert as COO and Fnatic’s founder Sam Mathews retakes CEO


Fnatic, the leading global esports brand, today announced it has secured $19 million USD in Series A funding. The investment round was led by tech entrepreneur Lev Leviev of LVL1 Group with new and continued support from investors including transatlantic VC firm Beringea, BlackPine, Unbound and Joi Ito.

With this investment, Fnatic will enter the next phase of its global expansion, strengthen involvement in tier-one leagues, including the League of Legends European Championships, launch new product categories in its esports equipment subsidiary including a new audio line, as well as scaling up resources to deliver and deploy marketing efforts and reach for brands on an international scale.

To support the company’s rapid growth, a new leadership team is being appointed. Former Mercedes AMG F1 Chief Executive Officer (CEO) Nick Fry is named Chairman, serial entrepreneur and founder of Affectv Glen Calvert is appointed COO and Fnatic’s founder, Sam Mathews, set to retake the CEO position.

Lead investor Lev Leviev said “Esports is the future of entertainment as well as one of the most dynamic and exciting emerging industries out there. Fnatic has established itself as a driving force both on the competitive stage and as a global business in esports, I’m excited to be part of the next chapter as Fnatic scales into a global lifestyle brand.”

“This is a pivotal moment in the evolution of Fnatic. I am incredibly proud of what we’ve achieved over the past 15 years and now is the time to build on this strong foundation to realise our vision of being the leading global esports brand. To have such high caliber investors is telling of the potential they see in Fnatic and our future,” added new CEO, Sam Mathews.

The latest round of investment will be used to structure the company for further expansion into Asia and North America, continue to partner with the most forward-thinking global brands and to cement its position as the leading lifestyle esports organisation globally.

For more information about Fnatic, visit

About Fnatic:

Fnatic is a leading, global esports organisation with professional teams and unrivalled legacy in the most popular competitive games, including League of Legends, Counter-Strike, Dota 2, Fortnite, and more.

Founded in 2004 by Sam Mathews, Fnatic teams have claimed multiple international championships since its inception, including the inaugural League of Legends World Championship, seven EU LCS Championships and three separate CS:GO Majors, a record unparalleled by any other team.

Dedicated to being the first globally recognised esports lifestyle brand, Fnatic develops a line of award-winning gaming peripherals in-house, Fnatic GEAR, designs and produces a number of apparel lines as well as partners with the most forward-thinking global brands.

Fnatic is headquartered in London, United Kingdom with additional operational locations in Berlin, Belgrade, Los Angeles, Taipei, Shenzhen and Kuala Lumpur.





GGTech Entertaiment Appoints Cristina Carranza as Head of Global Sales



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GGTech Entertainment has appointed Cristina Carranza as the new Head of Global Sales.

After almost ten years at Amazon and Twitch, Cristina Carranza arrives to reinforce the international team led by Eduardo García, who recently joined the company as Chief Product Officer.

Her professional achievements include the launch of Twitch Ads in Spain and the pilot development of global gaming programmes such as Amazon GAMERGY and Amazon UNIVERSITY Esports. With her international experience, Cristina Carranza arrives with the aim of boosting the company’s global growth and developing cross-border sales relationships.

“I have been working with GGTech for more than four years and I have fallen in love with their company culture, the great human quality of their team and their vision of what they want GGTech to become, making it the world leading company for entertainment, gaming, and esports. I am proud to be part of this project, developing the global sales and business strategy,” Cristina Carranza said.

“The digital entertainment industry, the streaming world and the ‘gaming boom’ are some of the drivers that generate this great business opportunity for which GGTech is ideally positioned, the challenge now lies in transferring this vision to other regions and sharing the brand’s products and services to the most passionate fans of the video gaming world,” Carranza added.

The addition of Cristina Carranza will provide GGTech Entertainment with the vision and skills of a professional with an enviable track record, backed by her 10 years of experience in the digital, e-commerce, entertainment and gaming sectors, developing international business for both retail and advertisers.

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eFIBA Season 2 Announced with Record 61 Participating Nations and First-Ever In-Person World Finals at DreamHack Winter



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ESL FACEIT Group (EFG), the leading eSports and video game entertainment company, and the International Basketball Federation (FIBA) today announced the 61 nations participating in the second season of eFIBA, FIBA’s official NBA 2K24 tournament. Beginning October 3, national federations across seven regional areas will battle it out in the pro-am game mode to secure a spot in the first-ever in-person eFIBA World Finals at DreamHack Winter and a share of the €50,000 prize pool.

“After a successful inaugural season and eFIBA’s successful participation in The Olympic Esports Series, we are prepared to make the upcoming eFIBA Season 2 a landmark international event,” the Media and Marketing Services Director General for FIBA, Frank Leenders, said. “eFIBA allows us to reach new basketball enthusiasts and build a global community of players and fans who share a passion for the game.”

eFIBA Season 2 is more than doubling its participating federations and expanding its competition schedule. The event includes online regional qualifiers from October 3 to November 2 and regional finals from November 7 to 9 across South East Asia, Oceania, Middle East, Africa, North America, South America and Europe. The winning nation from each regional final and the top two from Europe will secure a spot in the eFIBA Season 2 World Finals 2023, taking place live at the immersive gaming lifestyle festival, DreamHack Winter, from November 25 to 26 in Elmia, Jonkoping, Sweden.

“The significant growth of participating national federations and the incredible feedback we have received from players and the community shows that eFIBA is on the right track to become a great offering to the NBA2K community,” the Sports Games President for EFG, Roger Lodewick, said. “Together with FIBA, we have crafted a bold and innovative sporting concept that serves the eSports community and connects with basketball fans. We are thrilled to tip off the second season.”

  • EFG and FIBA announce the 61 national federations participating in Season 2 of eFIBA, the international NBA 2K24 competition.
  • Tipping off on October 3, Season 2 of eFIBA includes six weeks of online regional qualifiers and regional finals for a spot in the first-ever, in-person eFIBA World Finals, taking place at DreamHack Winter in Elmia, Jonkoping, Sweden.
  • Nations across South East Asia, Oceania, Middle East, Africa, North America, South America and Europe will battle it out for a share of the €50,000 prize pool and Regional Champion title.
  • New to Season 2, eFIBA’s co-streaming program, will feature content creators, streamers and casters collaborating to grow the eFIBA community.


Tuesday, Oct. 3 Europe Qualifiers Stage 1
Thursday, Oct. 5 South America Qualifiers

North America Qualifiers

Stage 1

Stage 1

Tuesday, Oct 10 Middle East Qualifiers

Africa Qualifiers

Stage 1

Stage 1

Thursday, Oct 12 Oceania Qualifiers

South East Asia Qualifiers

Stage 1

Stage 1

Tuesday, Oct. 17 Europe Qualifiers Stage 2
Thursday, Oct. 19 South America Qualifiers

North America Qualifiers

Stage 2

Stage 2

Tuesday, Oct 24 Oceania Finals

Europe Qualifiers


Stage 3

Thursday, Oct 26 Africa Qualifiers Stage 2
Tuesday, Oct. 31 Europe Qualifiers Stage 4
Thursday, Nov. 2 South East Asia Qualifiers

Middle East Qualifiers

Stage 2

Stage 2

Tuesday, Nov. 7 South East Asia Finals

Middle East Finals

Africa Finals




Thursday, Nov. 8 Europe Finals

South America Finals

North America Finals




Below is a breakdown of the national representatives in each regional area.

Europe (26): Albania, Austria, Belgium, Croatia, Cyprus, Estonia, Finland, France, Germany, Great Britain, Greece, Israel, Italy, Lithuania, Luxembourg, Montenegro, Poland, Portugal, Serbia, Slovakia, Spain, Sweden, Switzerland, The Netherlands, Turkey and Ukraine

Africa (14): Algeria, Burkina Faso, Cameroon, Ivory Coast, DR Congo, Egypt, Gabon, Ghana, Mali, Morocco, Senegal, Tunisia, Zimbabwe and Nigeria
North America (6): Barbados, Cayman Islands, Dominican Republic, Guatemala, Puerto Rico and the United States of America

Southeast Asia (5): India, Indonesia, Mongolia, Philippines and Singapore

South America (4): Argentina, Brazil, Uruguay and Venezuela

Oceania (2): Guam and New Zealand

Middle East (4): Bahrain, Saudi Arabia, Qatar and Lebanon

eFIBA Co-Streaming

This season, eFIBA actively works with the NBA2K community through collaborations with creators around the globe as well as co-streamers of eFIBA events with a suite of customizable resources including unprecedented access to gameplay feeds, overlays, opportunities to interview players and more. The suite of streaming tools is open to community streamers, who can apply for exclusive access.

Commencing October 3, the regional qualifiers and regional finals of eFIBA Season 2 as well as the eFIBA World Finals will be streamed on Tuesdays and Thursdays on eFIBA’s Twitch and YouTube channels and on FIBA’s Twitch and YouTube channels. Those looking to experience the action live can look forward to attending DreamHack Winter as tickets to the festival also grant access to the international NBA 2K24 competition. More information about the ticket types and prices can be found on the official DreamHack Winter website.

For more information around eFIBA, visit the official channels on X (Twitter), Instagram and TikTok. For more general information, visit eslfaceitgroup .com or follow ESL FACEIT Group on LinkedIn.

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Conferences in Europe

The Power Play: GamingTech CEE Panel Explores Esports and Gambling’s Thriving Synergy



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GamingTech CEE is around the corner, taking place on September 26-27, 2023, at the prestigious Ritz Carlton Budapest. The leading event for exploring the latest tech innovations in the gaming industry within the Central and Eastern European (CEE) region promises to be a game-changer, featuring panel discussions on a wide range of topics.

The ultimate destination for industry professionals, innovators and enthusiasts, GamingTech CEE – brought to you by the #hipthers – offers a unique opportunity to gain a deeper insight into how the gaming industry is evolving within the region. With a focus on compliance, innovation, and networking, this event offers a platform for industry professionals and enthusiasts to stay ahead in the dynamic world of gaming technology.

The “Esports and Gambling: The Next Frontier” panel discussion will be moderated by Anne-Marie Furtschegger, Public Affairs Consultant & Advisor at Hipther. It will bring together industry experts, esports professionals, gambling operators, and regulatory specialists to explore the exhilarating realm of esports and gambling.

Esports has witnessed a meteoric rise in popularity, accompanied by a surge in interest in esports betting. Understanding the opportunities and challenges in this dynamic landscape is essential for all stakeholders. The panelists will examine the current state of esports betting, emerging trends, and the regulatory landscape surrounding this rapidly evolving industry.

A central theme of the discussion will be the symbiotic relationship between esports and gambling, with a focus on how the two industries can mutually benefit from collaboration while ensuring responsible gambling practices. The panel will delve into topics such as the integration of esports betting platforms, the popularity of in-play betting during esports events, and the potential for innovative wagering options tailored to esports enthusiasts.

Regulatory considerations will also be in the spotlight, including age verification, player protection, and integrity measures to maintain fair competition in esports gambling. The panelists will discuss the challenges and opportunities in establishing responsible gambling frameworks specific to the esports ecosystem.

The discussion will extend to the broader implications of the esports and gambling convergence, such as the potential for increased viewership, engagement, and monetization opportunities within the esports industry. The panelists will explore the impact on sponsorships, advertising, and the overall growth of the esports ecosystem.


  • Vladan Blagojevic –’s Marketing Project Manager
  • Gal Ehrlich – CEO at BETER
  • Péter Rippel-Szabó – Commercial and Sports Lawyer at Bird & Bird
  • Urim Bajrami – Attorney at Law & Partner at STADLER VÖLKEL Attorneys at Law

Register to the event

GamingTech CEE is more than just a conference; it’s a platform for networking, knowledge sharing, and fostering collaborations in the gaming technology sector. Attendees will have the chance to connect with industry leaders, explore cutting-edge innovations, and gain a competitive edge in this rapidly evolving industry.

Registration is still open for those interested in joining this and other enlightening discussions and being part of the GamingTech CEE experience. Register for the conference now or find out more about GamingTech CEE on the official website.

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