FACEIT raises $15m in Series A funding

Competitive gaming platform FACEIT has raised $15 million in Series A funding from investment firms Anthos Capital, Index Ventures, and United Ventures.

"With this round of funding, we will be able to further our three-pronged mission for a competitive gaming platform: a robust competitive community for players and organizers, an easy-to-implement competitive layer for developers, and custom offerings for brands, tied to their products and services," said CEO Niccolo Maisto in a statement.

"We're also expanding our services to offer our partners the same tools that FACEIT has been using to engage players with competitions at scale."

FACEIT was founded in the UK in 2012 and boasts three million users. The company is currently planning new partnerships and product features. In the past its work with Twitch, Valve, Time Warner's Turner Broadcasting and WME|IMG.

"With an extremely strong, passionate, and driven team led by Niccolo, a rapidly growing community of players and tournament organizers, robust technology, and deep relationships throughout the industry, FACEIT is well-positioned to be the definitive platform across competitive gaming," added Alex Birns of Anthos Capital.

"The eSports market is expected to undergo massive growth over the next several years, and FACEIT has the potential to shape how developers, players and brands participate in and experience the industry."

The company also opened a new Los Angeles office this month.