GenG Esports
38 Bongeunsa-ro 49-gil, Seoul, Gangnam-gu, 06100, South Korea
Overview
Established in 2017, Gen.G is the leading esports organization connecting the U.S. and Asia. Ranked #6 in the 2019 Forbes list of the world’s most valuable esports companies, Gen.G is the only major organization that owns and operates top teams in the world’s leading esports markets -- China, South Korea, and the United States. Its unique portfolio of teams, winners of 7 global championships to date, includes the Seoul Dynasty franchise of the Overwatch League; 2014 & 2017 League of Legends world champion teams in South Korea; the world’s top all-female Fortnite team, based in Los Angeles; and the NBA 2K League’s historic expansion franchise in Shanghai. Gen.G’s core mission is to help fans and athletes use the power of gaming and esports to get ahead in and beyond competition. The company has quickly become a commercial and thought leader, building a global, inclusive, and cross-cultural future for sports entertainment. Its widely acclaimed initiatives include: #TeamBumble, the leading team platform for the empowerment of women in gaming; and Gen.G Elite Esports Academy, the world’s first fully-integrated academic esports program. Gen.G’s teams, content creators, and corporate staff work out of their offices in Los Angeles, Seoul, and Shanghai.
- Total investments
- 1
- Lead investments
- 0
- Investments · 12mo
- 0
- Active investors
- 5
Sector focus
- Collaboration
- Computer
- eSports
- Media and Entertainment
- Skill Assessment
- Sports
Investment portfolio
- Community Gaming
Participated · Seed · Jul 2021
Community Gaming operates an esports competition platform that provides infrastructure and UX for players, competition organizers, and game developers, and integrates blockchain payment technology. The platform equips stakeholders with tools to create, facilitate, and participate in esports tournaments. The company is led by CEO Chris Gonsalves and is based in New York. By early 2022 the platform had reached 100,000 unique registered users. Community Gaming plans a major platform update later this year that will allow users to earn supplemental income on the blockchain through gamified 'Quests'. It recently closed a $16M Series A to support growth and operations expansion. Community Gaming provides a web app for registration, tournament bracket management, and player payments using distributed ledger technology and credit-card fiat-to-crypto onboarding. Organizers can create tournaments in under five minutes by connecting or generating a non-custodial wallet; payouts are automatically sent to winners’ connected wallets at tournament end. The platform supports Ethereum mainnet, Binance Smart Chain, and Polygon with fees as low as 1/50 of a penny. The team’s project was born from founders hosting LAN tournaments in New York City since 2017 and launched in late 2019. The company plans to expand into Latin America and South East Asia and build a rewards program and more complex smart contracts for league play. Community Gaming recently completed a seed financing to accelerate product and market expansion.