FaZe Clan has announced a $40M USD Series A investment which will see the support of expansion, player acquisitions, and operations.
Investors of the Series A include the likes of NBA stars, musicians and actors such as Meyers Leonard (Miami Heat), Josh Hart (New Orleans Pelicans), and Jamal Murray (Denver Nuggets); musicians Kiari “Offset” Cephus, Armando “Pitbull” Pérez, Khalif ”Swae Lee” Brown, Mario “Yo Gotti” Mims, Paul “DJ Paul” Beauregard, William Ray “Ray J” Norwood Jr and actor Chris O’Donnell.
FaZe Clan CEO Lee Trink said, “it’s much harder to have the vision to see what the business will become. People of cultural relevance, who really understand how culture moves (culture moves first and the business fills in behind it) are the people that FaZe Clan resonated with, people that live in that space, that can translate what a cultural wave really means. That is why you have those people as our investors.”
Trink also added that the organization “launched a team with a PUBG MOBILE organization in Thailand and created some infrastructure in Thailand with the idea of further expansion in SEA. China is a big priority for us, as well.”
[image credit : Cute Wallpapers]