What started with an esports team is now quickly becoming an esports empire, backed by some of the biggest names in sports and money managers for entertainment family dynasties and Hollywood power brokers.
Vision Esports LP, the esports conglomerate launched by Stratton Sclavos, Rick Fox and Amit Raizada has just closed on a $38 million investment from a host of investors led by the Creative Artists Agency and TPG Growth joint venture Evolution Media.
“Evolution Media has spent several years advising and analyzing companies in the esports sector, and we’re particularly excited to partner with a world class management team led by Stratton, whom we’ve known since his days running Strikeforce and the San Jose Sharks,” said Rick Hess, founder and co-managing partner of Evolution Media, in a statement.
We couldn’t be more bullish on the space and Vision’s market position.”
NBA superstar Kevin Durant and Rich Kleiman’s Durant Company also came in to back Vision Esports along with Shamrock Holdings — the personal investment vehicle for the Walt Disney family; the St. Louis Cardinals baseball team; and New York Giants star wide receiver Odell Beckham Jr.
The company’s roots stem from a now-apocryphal trip that Fox, an NBA all-star and actor, took with his son to see an esports game at Madison Square Garden.