Toronto-based esports firm OverActive Media introduced the second closing on their beforehand introduced non-public placement, bringing the combination gross proceeds of their brokered and non-brokered financings to over $40M USD.
The mum or dad firm of three esports franchises, the Overwatch League’s Toronto Defiant, the Call of Duty League’s Toronto Ultra, and the MAD Lions, the present champions of the League of Legends European Championship (LEC), additionally introduced that the Nationwide Hockey League (NHL) franchise Montreal Canadiens joined its possession group as a part of the funding. The Canadiens strategic funding in OverActive is their maiden voyage into the esports business.
The corporate also announced that Phil Kessel of the Arizona Coyotes and Carl Hagelin of the Washington Capitals have joined its listing of celeb and athlete homeowners. These present NHL stars be part of Toronto Maple Leafs star ahead Mitch Marner and Canadian Grammy Award profitable music artist The Weeknd, who have been introduced beforehand as members of the OverActive possession crew.
OverActive Media is presently planning a public itemizing.