Beastcoast Closes $2.5M Pre-Seed Financing Round – The Esports Observer

Esports team and gaming content network Beastcoast announced that it has closed a $2.5M Pre-Seed financing round from investors including Andover Ventures, Elevate Ventures, Techstars, NJ/NY Gotham FC owner Steven Temares, and High Alpha Ventures managing partner Scott Dorsey. The company received the funds in tranches over the last two years to support its rapid growth. 

Beastcoast, which was founded in 2017 and has offices in Indianapolis, New York City, Las Vegas, and Lima, is working on an esports and gaming content consumption and monetization solution based on its content creator network and rights ownership model. The funding facilitated the expansion of Beastcoast’s content creation team. Furthermore, the investment proceeds were used by the company to acquire a North American Rainbow Six Siege Pro League slot and expanding internationally into South American Dota 2. 

In 2020, Beastcoast joined Techstars as part of its Sports Accelerator and is now planning its continued expansion and plans to kick off a Seed investment round in early Q2 2021 to expand into additional titles, grow their sales/marketing organizations and acquire a dedicated studio facility. 

Source: Read Full Article