Business 
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Fnatic raises $10 million and opens crowdfunding campaign
European esports organization Fnatic has announced that it’s raised $10 million in an internal funding round led by venture capital and private equity firm, Beringea. Additionally, Fnatic will let fans invest and own a small piece of the organization through a crowdfunding equity campaign. Updated bio pic.twitter.com/VPGB74YZtU — FNATIC (@FNATIC) November 11, 2020 Fnatic Raises […]
Industry 
Cloud9 fined by Riot Games
Major esports company Cloud9 was recently fined by Riot Games for violating League of Legends Championship Series rules. Specifically, Cloud9 issued company stocks to their players in lieu of proper payments. A total of seven players received partial ownership through a company stock plan. In addition to that, Cloud9 didn’t notify Riot about these transactions […]
