Saturday, June 10, 2023
No Result
View All Result
Esports Grizzly
  • Home
  • GamesUpdates!
    • Apex Legends
    • Brawl Stars
    • Call of Duty
    • CS:GO
    • Dota 2
    • FIFA
    • Fortnite
    • Free Fire
    • Hearthstone
    • League of Legends (LoL)
    • Magic the Gathering (MTG)
    • Mobile Legends
    • NBA 2K League
    • Overwatch
    • Rainbow 6
    • Rocket League
    • Smite
    • StarCraft II
    • Street Fighter
    • Valorant
    • Wild Rift
    • World of Warcraft (WoW)
  • Esports Betting SitesNew
    • Bitcasino Esports Review | Evil Geniuses’ Home Esports Bookmaker
    • Sportsbet.io Esports Review
    • Cloudbet Esports Review | Is Cloudbet Legit?
    • Betway Esports Review
    • Luckbox Review (2021) – Is Luckbox Esports Safe?
    • GG.Bet Esports Review | League of Legends, Dota 2 and CS:GO
    • Rivalry Esports Review
    • Pinnacle Esports Review
  • Guides
    • Australia Esports Betting Sites
    • Canadian Esports Betting Sites
    • Philippines Esports Betting Sites
    • USA Esports Betting Sites
    • Dogecoin Esports Betting Sites
  • Newsletter
  • About us
  • Contact
Saturday, June 10, 2023
No Result
View All Result
Esports Grizzly
No Result
View All Result

featured-team-logo-for-fnatic-esports-organization

Image credit: Fnatic

Fnatic Turns Gaze to Asia, Raises $17 Million in Funding

in Industry
May 26, 2021
  • With $17 million in monetary support from Marubeni and investors, Fnatic seeks to expand in Asia
  • The organization will establish a base of operations in Japan, where its R6 team will move.
  • Fnatic’s goal is to profit from the growing Asian esports market

After almost two decades since its founding, Fnatic seeks to expand to Asia and raises $17 million in funding for that ends.

Fnatic Now Big in Japan

Fnatic is an esports organization that was created back in 2004 when esports was still young. Since then, the industry has grown a lot, and so has Fnatic, numbering 110 employees as of now. As esports’ popularity has been skyrocketing in Asia, the organization now seeks to catch the wave and establish a permanent foothold there.

As Fnatic has turned into a big name in the industry, it attracted some major financial support. The biggest support for the organization game from the Japanese Marubeni Corporation, although there have been other investors and a venture debt from Bootstrap as well. In total, Fnatic gathered a significant sum of $17 million for expanding in Asia.

Fnatic’s CEO, Sam Mathews, spoke with GamesBeat. In the correspondence, he revealed more about his vision:

“We had a lot of inbound after our crowd raise and decided to advance our future raise now to speed up our expansion as a performance-focused brand. We’re moving into Japan and launching digital products alongside our continued investment into advanced esports equipment.”

For now, Fnatic’s plans seem to be to establish a base in Japan. The organization’s professional team in Tom Clancy’s Rainbow Six Siege is also expected to move into the new Asian headquarters.

In 2020 Fnatic did a crowdfunding round that attracted numerous investors. In the same year, the organization’s esports equipment saw a 52% increase in profit. The organization currently sports 40 athletes across eight titles.

Asian Esports on the Rise

It isn’t hard to see why Fnatic chose to expand to Asia. According to statistics and estimates, the esports market in China is expected to increase by 250% between 2019 and 2023. The tendency of expansion is already a fact as 2020 saw a 42% increase in esports attendees. Streaming platforms such as Twitch have also experienced rapid growth.

Newzoo keeps following the trends and expects the Chinese audience to reach an astonishing 92 million this year. Furthermore, it projects that the global esports audience to surpass half a billion by 2024. The popularity of esports is already so high that the Olympic Committee that has long been reluctant about them now greenlit an official Olympic-licensed esports event.

Mathews revealed that Fnatic has benefited from the transition to digital that was ushered by COVID-19. According to him, more people have started playing than ever.

“People made friends, and families could be social with other houses, all over games on the internet. Viewership has skyrocketed, and ultimately more acceptance than ever has come with it.“

Fnatic keeps showing a go-getter mentality. The organization currently not only fields some of the best esports professionals but has become its own brand, selling both digital and physical products. It will be exciting to see how Fnatic fares in Asia.

Tags: AsiaFnaticJapan
Stefan VelikovbyStefan Velikov
Tags: AsiaFnaticJapan
Home » Fnatic Turns Gaze to Asia, Raises $17 Million in Funding
ShareShareTweetShareSend
league-of-legends-clash-between-champions
Blog

Betting on League of Legends: Top 5 Sites to Wager Using Bitcoin

by Papa Bear
September 15, 2022

Few games have captured the hearts of the wider audiences quite like Riot Games’ masterpiece League of Legends has. The...

Read more
overwatch-female-characters
Opinion

Women in Esports: How Esports Are Moving Towards a More Inclusive Future

by Stefan Velikov
October 25, 2021

Gaming has long been regarded as something reserved for nerdy boys. As times change women join in on the fun...

Read more
v-bucks-currency-in-fortnite
Blog

Bitcoin Esports: Best Crypto Esports Betting Sites

by Alexander Todorov
January 23, 2022

Bitcoin esports betting is on the rise. The idea of placing wagers on your favorite esports teams is an experience...

Read more
Previous Post

494,000 People Try to Qualify for 2021 F1 Esports Series

Next Post

Twitch’s “Pools, Hot Tubs, and Beaches” Piles 1.4M Hours, Dominated by Amouranth

Latest and Popular

FaZe Clan x Grace van Dien
Industry

FaZe Signs Stranger Things Star as Content Creator

by Stefan Velikov
May 26, 2023
a-cs-go-map
Industry

French Esports Organization Team LDLC Ceases All Operations

by Stefan Velikov
May 17, 2023
overwatch-main-character-looking-worried
Industry

Activision and Riot Pay Out Hundreds of Millions of Dollars in Harassment Settlements

by Stefan Velikov
May 8, 2023
microsoft-official-company-logo
Industry

Microsoft’s Acquisition of Activision Blizzard Might Be Blocked for a Decade

by Stefan Velikov
May 1, 2023

Next Post
twitch-logo-on-a-light-background

Twitch’s “Pools, Hot Tubs, and Beaches” Piles 1.4M Hours, Dominated by Amouranth

eSports Grizzly Mobile Dark
eSports Grizzly Mobile Dark

Content Categories

  • Blog
  • Call of Duty
  • College Esports
  • Consoles
  • Cosplay
  • Counter Strike
  • DOTA 2
  • FGC
  • Fortnite
  • Gaming
  • Halo
  • Hearthstone
  • Industry
  • League of Legends
  • Mobile Legends
  • News
  • Opinion
  • Overwatch
  • Popular
  • PUBG
  • Q&A
  • Rainbow Six Siege
  • Rocket League
  • Streamers
  • Uncategorized
  • Valorant

Recent Posts

  • GameStop Fire CEO Matthew Furlong, Appoint Ryan Cohen In His Place
  • New Counter-Strike 2 Glitch Lets Players Buy Cheap Armor
  • Team Vitality VALORANT Pro Twisten Passes Away at 19

About Esports Grizzly

We bring you the best Premium esports content from around the globe.

Our FREE weekly newsletter

Keep in the loop with our minimalist weekly newsletter. Subscribe today!

GET IN TOUCH

Esports Grizzly reports on the latest industry and gaming intelligence, Want to pitch in? Get in touch!

  • Home
  • About us
  • Privacy Policy
  • Disclaimer
  • Terms and Conditions
  • Contact

© 2021 Esports Grizzly - Your daily BITE of global esports

No Result
View All Result
  • Home
  • Games
    • Apex Legends
    • Brawl Stars
    • Call of Duty
    • CS:GO
    • Dota 2
    • FIFA
    • Fortnite
    • Free Fire
    • Hearthstone
    • League of Legends (LoL)
    • Magic the Gathering (MTG)
    • Mobile Legends
    • NBA 2K League
    • Overwatch
    • Rainbow 6
    • Rocket League
    • Smite
    • StarCraft II
    • Street Fighter
    • Valorant
    • Wild Rift
    • World of Warcraft (WoW)
  • Esports Betting Sites
    • Bitcasino Esports Review | Evil Geniuses’ Home Esports Bookmaker
    • Sportsbet.io Esports Review
    • Cloudbet Esports Review | Is Cloudbet Legit?
    • Betway Esports Review
    • Luckbox Review (2021) – Is Luckbox Esports Safe?
    • GG.Bet Esports Review | League of Legends, Dota 2 and CS:GO
    • Rivalry Esports Review
    • Pinnacle Esports Review
  • Guides
    • Australia Esports Betting Sites
    • Canadian Esports Betting Sites
    • Philippines Esports Betting Sites
    • USA Esports Betting Sites
    • Dogecoin Esports Betting Sites
  • Newsletter
  • About us
  • Contact

© 2021 Esports Grizzly - Your daily BITE of global esports

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.