Immortals Gaming Club Raises $26M, Adjusts Esports Assets Strategy
North American esports company Immortals Gaming Club (IGC) has raised a $26M USD financing round led by existing investor and IGC board of directors member Meg Whitman and her family office. Other investors that participated in the investment round include existing investors Anschutz Entertainment Group (AEG) and March Capital Partners.
Immortals Gaming Club owns and operates several esports brands, including esports organization Immortals, Overwatch League franchise Los Angeles Valiant, Brazilian Counter-Strike: Global Offensive team MiBR, and matchmaking platform Gamers Club.
The company’s leadership revealed that it’s planning to use the investment proceeds to further grow its core esports brands. Furthermore, some of the funding will be invested in Gamers Club, which was acquired following IGC’s previous $30M investment round in May 2019, to push geographic growth, expansion of its game portfolio, and the addition of new products and services.
IGC is also selling off its Call of Duty League franchise, which competed as OpTic Gaming Los Angeles, to 100 Thieves as previously reported by The Esports Observer.
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