Team SoloMid’s parent company, Swift, have raised a staggering $37million (£28m) in Series A funding, as first reported by Forbes.
TSM compete in multiple esports titles including Fortnite but are best known for their League of Legends team who are multi-time NA LCS champions. Their owner, Andy ‘Reginald’ Dinh, was originally a pro LoL player himself before founding the team at just 17 years old.
At that age, Dinh probably never imagined his team would raising this kind of money nor the kind of big name superstars who would be part of that funding, namely three-time NBA champion, Stephen Curry of the Golden State Warriors.
Esports organisation TSM, best known for their LoL team (above) have raised £28m in funding
Part of the group that has invested is three-time NBA champion Stephen Curry of the Warriors
Curry and his Golden State Warriors teammate Andre Iguodala have both invested some of their own money into the esports org – Curry even sent out his support for the team on Twitter.
However, it appears to be a massive oversight by the NBA stars considering their own team, the Warriors, also own a LoL team. Competing alongside TSM in the NA LCS is the Golden Guardians who are owned by Warriors majority owner Joe Lacob and his son Kirk who acts as the team’s assistant general manager.
Guardians had a poor start in their initial Split, finishing rock bottom of the NA LCS but have improved since, currently sitting mid table on event points with none other than TSM.
The Golden State Warriors have their own League of Legends esports team (Golden Guardians)
Golden Guardians will be gutted to have missed out on the support of the Warriors’ star player but are probably a much safer bet for success so you can hardly blame Curry.
Among the NBA stars are other big name investors including billionaire and Yahoo co-founder Jeremy Yang, former chief strategy officer of Twitch Colin Carrier and Hall of Fame NFL player Steve Young.
TSM are already one of the biggest LoL teams in the world but Dinh told Forbes that with their new investment, the team can grow even bigger: ‘TSM has always run a very lean operation, so we haven’t set ourselves up to take advantage of the fast growth that this market is experiencing, so that’s what we’re trying to prepare ourselves to do.’
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