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Esports  ·  Finances

Team Liquid valued at $415M following $35M investment

Published ${ getTimestamp("2022-05-05T16:30:00+01:00") }}  ·  Updated ${ getTimestamp("2022-05-05T16:33:41+01:00") }}

The parent company of international esports organization Team Liquid, aXiomatic, has raised $35M in investment.

The funding: The investment will strengthen the company's "long-term sustainability."

  • The raise was led by funds managed by Ares Management and featured contributions from Revolution Growth, Hiro Capital, and existing investors.
  • According to a press release, this investment round raises Team Liquid's valuation to an estimated $415M. In 2020, Forbes valued Team Liquid at $310M — ranked behind only Cloud9 at $350M and TSM FTX at $410M.
  • The funding will go towards potential mergers and acquisitions, improvements to its fan engagement platform Liquid+, partnership activations, and further expansion into Brazil.
Team Liquid
Among Team Liquid's teams is a Brazilian roster that competes in VALORANT esports' Game Changers initiative.

A wider lens: Sustainability is paramount for organizations as the esports economy starts to correct itself after a lengthy period of booming valuations and estimations.

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