M80 is an esports organization focused on expanding its footprint across esports, content creation, and consumer products. The company plans to become a web3-enabled gaming and esports company through a division called M80 Labs. M80 announced a $3M seed funding round that sources said matched the amount it had been seeking. The round was led by ExpertDojo, VT Technology Ventures, and Practical Venture Capital. A majority of the early investors are making their first steps in esports, and the article suggests M80's web3 components likely compelled their commitments. The article notes investor backgrounds: ExpertDojo has a diversified portfolio across banking, fintech, edtech, software, and entertainment; VT Technology Ventures previously invested in and exited Framerate, which was founded by current M80 CEO Marco Mereu and sold to Super League Gaming for $2.5M in 2019; Practical Venture Capital's disclosed investments include Kitchen Data Systems, Klasha, Headout, Forecastr, Sova Health, and SolidBlock.

Total raised

$3M

Funding rounds

1

Latest round

Seed

Latest activity

Jun 2023