Venture capital and startup advisory firm DC Ventures, along with two private investors, announced a pre-seed investment round into RLL E-Sports. The Argentina-based gaming house, streaming channel network, and pro organization will use the funds to expand its gaming room, train players, and solidify its regional esports. The funds will be used to expand the organization’s gaming room, train players, and solidify the brand’s presence in Latin America’s e-gaming industry. industry presence. Latin America is one of the fastest-growing esports regions worldwide, with Mexico, Brazil, and Argentina leading the pack. Globally, esports are evolving quickly, reaching double-digit growth figures. The Global Market Report expected the sector to surpass a global value of $1 billion dollars for the first time in 2019. According to the forecasts of the Markets & Markets consultancy, by 2023 the esports industry could be worth upwards of $2.174 billion, representing an annual growth of 18.6%.
Regarding the announcement, Nick Braylan-Yanovsky, co-founder of RLL E-Sports, said: “In a market that is still very green and unregulated, esports is growing substantially, even with previous societal taboos that continue to linger in the midst of this growth. My vision is to help create a steady platform that will lead by example and allow us to properly educate the region and its working parts so that we can ethically and responsibly meet the standards that the esportsindustry deserves.” Fellow co-founder Alexander Salomon also commented: “RLL wants to lend esports the importance and visibility that they deserve. To do that, it’s essential that, rather than consider them to be a simple game, players feel that they’re practicing a more traditional sport.”
Jonathan Rivas, DC Ventures co-founder, added: “We’re thrilled to be involved in such a dynamic industry that’s going to change the way we look at sports forever. This project hits very close to home for us: we know the founders well and have been waiting for them to launch a project for some time now.”
Esports is a form of sport competition that uses video games. It often takes the form of organized, multiplayer video game competitions, particularly between professional players, either individually or as teams.
About RLL E-Sports:
RLL E-Sports is a gaming house and streaming network dedicated to professionalizing esports in Latin America, fostering local talent, and taking the industry as a whole to the next level.
About DC Ventures:
DC Ventures assists startups in areas crucial to funding and growth. With offices in Washington, D.C, Dublin, and Buenos Aires, its team comprises industry experts and savvy investors who help entrepreneurs reach their goals.
Company Name: DC Ventures
Country: United States