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XY Gaming announces $2.5m funding round

Funds will go toward expanding esports tournament platform, adding games such as Fortnite

Esports tournament platform XY Gaming has announced a $2.5 million seed funding round to help expand its platform, including adding new games such as Fortnite.

The funding round is being led by KB Partners and Varga Capital.

"Numerous brands have indicated a great disparity between what current tournament platforms offer and what brands expect, and I am excited that we now have the capital to grow XY Gaming and create this new marketing vertical that is global, inclusive and scalable," said CEO and co-founder Aaron Fletcher.

XY Gaming will use the funding to hire more members onto its eight-person team, market the platform, form partnerships and influencer sponsorships, and add new games including Fortnite, Apex Legends, and Rocket League. Support for Counter-Strike: Global Offensive is also planned for the platform in the near future.

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