This story was originally published on Passionfruit.
Misfits Gaming Group announced on Nov. 3 it launched a $20 million investment fund for streamers and other innovators in the creator economy to finance ambitious projects and ventures that will bring their careers to the next level.
The esports and entertainment company, which was founded in 2016, announced it financed the fund by relinquishing its team selected as one of ten franchised teams to participate in the League of Legends European Championship in 2019.
“Misfits is undergoing a major inflection point in its history,” founder Ben Spoont told Passionfruit. “We feel like Misfits is exceptionally well-positioned to invest in creators to accelerate their growth and output with a long-term ambition to join in on their success.”
