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Volume 25 No. 64
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Splyce Raises $2.6M In Funding Round Including Former Athletes

Esports franchise Splyce "has raised" $2.6M in a funding round that includes former NBAer Metta World Peace, former NFLer Roman Harper and sports agent David Meltzer, according to Jacob Wolf of ESPN.com. The round "was led by Toronto-based The Ledger Group, which contributed" a total of $1.5M to the round. Ledger will "rebrand to OverActive Media as a result of multiple esports investments such as Splyce, Askott Entertainment and Enthusiast Gaming." First Serve Partners, a N.Y. and Florida-based VC firm that "works with a number of pro athletes and other sports, media and entertainment investors, also joined the round." Splyce is currently in the process of "finalizing their application for a franchise spot" in the Riot Games' European League Championship Series. In February '17, Delaware North "invested in Splyce and have since assisted the brand with sales, development and marketing, as well as adding Splyce merchandise to the Garden's in-arena store" (ESPN.com, 6/25). First Serve Managing Partner & President Joey Brander said, “You’ll be hearing in the next couple of weeks about some of the big things they’re working on." He added, “We’re excited to play a role in building connections with a young generation in ways other sports and entertainment properties just haven’t been able to do” (Ben Fischer, Staff Writer).

For more coverage of the business of esports, visit our partners, esportsobserver.com.