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ESPN is reporting that the WWE is one of many investors to raise $25 million in funding for Cloud9, an Esports organization.
WWE's Chief Strategy and Financial Officer George Barrios told ESPN, "We just looked around the space, looked at all the players and did our own evaluation of who we thought would be successful in the long term. We just thought that the Cloud9 team had developed lots of expertise and we're just really, really impressed with Jack [Etienne, the Cloud9 CEO] and the rest of the staff; how professional they were, how organized and how much infrastructure they had built for a small organization. We thought they were on their way. We looked at a lot of players, and they were the ones we put in the top tier."
WWE joins some pretty interesting names that have already invested in the company, including Reddit founder Alexis Ohanian, San Francisco Giants Hunter Pence, Beverly Hills Sports Council, Monumental Sports & Entertainment co-owner Raul Fernandez, Creative Artists Agency co-founder Michael Ovitz, venture capital firm Founders Fund and a joint investment from tech investors David Sacks and Bill Lee.
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