Misfits Gaming Group, a Boca Raton, FL-based global esports and entertainment company, raised $35m in funding.
The round was led by The E.W. Scripps Company (NASDAQ: SSP). As part of the investment, Scripps also will appoint a designee to Misfits’ board of directors.
Scripps will invest $10 million into MGG’s global esports organization, which includes its two Florida esports franchises. With its investment, Scripps will distribute MGG’s content through its linear and over-the-top television platforms in Florida and across the U.S. The partnership between Scripps and MGG also will increase Florida advertisers’ access to MGG’s large and growing young esports and gaming audiences.
Led by Ben Spoont, CEO, MGG is a global esports and entertainment company headquartered in a facility in South Florida. They own three esports teams participating in franchised leagues, a network of content creators and competitive gamers and a full-service in-house media team. MGG operates the Florida Mayhem in the Overwatch League, the Florida Mutineers in the Call of Duty League and Misfits Gaming in League of Legends.
It is also a leader in the esports and video game industry.
FinSMEs
24/09/2021