N3rd Street Gamers, a Philadelphia, PA-based operator of dedicated esports arena Localhost, raised an undisclosed amount of funding.
The round was led by SeventySix Capital, which is managed by Wayne Kimmel, Jon Powell and Ryan Howard, with participation from George Miller.
The company intends to use the funds to expand its dedicated esports arena – Localhost in Philadephia, open new locations across the United States to empower more esports communities and partner with additional major brands and athletes.
Founded in 2009 and led by entrepreneurs John Fazio and Rob Hilsky, NSG empowers esports communities with arena facilities, production studios, gaming equipment, administration and broadcast services.
The company produces both small- and large-scale esports events for games like CS:GO, StarCraft II, Hearthstone and the recent official Madden Challenger. They also host an annual summer championship event bringing in more than 2,500 casual and professional gamers from across the world.