French Esports Organization MCES Secures $2.8M Series A Investment
French esports organization MCES (MonClub Esport) announced that it has raised a €2.5M EUR ($2.8M USD) Series A investment to support the company’s growth and international expansion. The investment, which was closed in May, was funded by regional co-investment fund Région Sud Investissement, Los Angeles-based soccer event company Lab Five, and more than 20 business angels, including entrepreneurs Philippe Véran and Frédéric Gravereaux, and professional soccer player Clément Grenier. MCES was supported by Financière Monceau Corporate Finance and Turenne Capital.
The esports organization intends to use the investment’s proceeds to improve its scouting, training, and supervision capabilities for its amateur and professional players. Additionally, MCES recruited Anthony Gay to serve as CFO and Sylvain Vachier, who worked on licensing and marketing at soccer club Olympique de Marseille for more than 15 years, to serve as chief revenue officer (CRO). Furthermore, MCES is looking to accelerate the development of two international branches, MCES Italia and MCES Africa.
At the start of 2019, MCES began developing an educational program with courses of its Sports and Esports Academy launching in Aix en Provence, Marseille, Bordeaux, Paris, Toulouse, Lyon, and Lille over the summer. Additionally, MCES is involved in two further educational esports programs. In a joint effort with the North America Scholastic Esports Federation (NASEF), the organization is building a scholastic esports program to benefit the youth in France. In partnership with its investor Lab Five, MCES launched an esports academy in Los Angeles.
In June 2019, the organization raised a $2M seed investment to establish professional rosters, hire staff, and establish amateur gaming academies.
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