Esports association Dignitas has declared a $30 million (£24 million) Series A financing round and the finish of its merger with LCS side Clutch Gaming.
The speculation round was driven by Harris Blitzer Sports and Entertainment (HBSE) and Fertitta Entertainment, two of Dignitas’ controlling investors. New speculators incorporate Susquehanna Private Equity Investments, Delaware North, and Steven Rifkind, Co-originator of Loud Records.
The association has additionally declared the development of another parent organization, New Meta Entertainment (NME). The organization will work in three verticals: esports groups, substance and promoting, and speculations – with U.GG being its first venture. Michael Prindiville, who recently filled in as the CEO of Dignitas, has been named CEO of the recently shaped element.
Prindiville remarked on the new organization: “NME’s investors give a solid upper hand given their achievement in working elite athletics groups and amusement resources. NME will be an industry trend-setter and will work at the crossing point of esports, media, innovation, and excitement. Our investors grasp the immense capability of esports, gaming, and advanced stimulation, and we will use their assets, connections and brand experiences to become the NME and Dignitas brands.”
It was in June that Harris Blitzer Sports and Entertainment (HBSE), the parent organization of Dignitas, formally obtained Clutch Gaming. Around the same time, Dignitas opened its new 3,000-square-foot base camp adjoining HBSE’s Prudential Center in Newark. It has been affirmed New Meta Entertainment intends to open a comparative office in Los Angeles.