Cloud9 is an esports firm that operates an esports league and fields professional teams. The company runs teams including the London Spitfire and the British Hurricane. In October 2018 Cloud9 raised $50M in a Series B funding round. The round was led by Valor Equity Partners, with participation from TrueBridge Capital Partners, Reimagined Ventures and Glassdoor founder Robert Hohman. Valor Equity Partners will add partner Antonio Gracias to Cloud9's board, and the company has set up a permanent headquarters in Los Angeles. Cloud9 was founded in 2013 by Jack and Paullie Etienne. Cloud9 is an esports organization that competes in League of Legends, Call of Duty, Counter-Strike: Global Offensive, Hearthstone and other leagues. The company announced a $25M Series A to support its esports efforts. The funding included WWE, The Beverly Hills Sports Council, Raul Fernandez (Monumental Sports & Entertainment), Michael Ovitz (CAA), Founders Fund, David Sacks and Bill Lee. Cloud9’s offices are in Los Angeles, and the company says its teams, players and personalities are located across North America, Europe and Asia. The article frames the raise as financing for its competitive and organizational efforts in esports. The article does not disclose revenue or user metrics.

Total raised

$75M

Funding rounds

2

Latest round

Series B

Latest activity

Oct 2018