Nerd Street Gamers (NSG) Raises Money In Additional Funding Led By Venture

Esports infrastructure company Nerd Street Gamers has gained resources necessary for further expansion by raising $11.5m in additional funding. The round was led by venture capital firm Founders Fund.

Nerd Street Gamers spokespersons stated that this money will be used to hasten up the company’s growth. During the height of the pandemic, Nerd Street Gamers was forced to close its Localhost facilities. Yet, despite these losses, the company has achieved growth through digital offerings.

John Fazio, Founder, and CEO of Nerd Street Gamers, is pleased with the partnership with Founders Fund:

“Nerd Street being added to Founders Fund’s portfolio of industry-pioneering organizations is one of our greatest honors to date. Within minutes of meeting Brian, it was clear that he was profoundly aligned with our vision and mission. Backing us during the uncertainty of a global pandemic is a testament to Brian’s bold foresight and an incredible validation for our entire team.”

In October 2019, the company raised $12m through its Series A funding round. After the funding, Nerd Street Gamers opened Localhosts in Austin, Texas, Philadelphia, and St. Louis. During that period, the company has started working with Riot Games as well.

Brian Singerman, a partner at Founders Fund, stated:

“I was impressed with John from our first meeting and knew I wanted to help advance his vision of building a robust infrastructure to support gamers of all ages and skill levels. As a gamer myself, I’ve watched the massive growth of esports over the years. Esports are surpassing traditional sports in the number of players and audience size, especially among younger demographics, and Nerd Street is in a perfect position to capitalize on that shift.”