American esports organisation Cloud9 has raised $50 million to establish a new training facility in LA which is scheduled to open in 2019.
The funding follows Cloud9's successful funding round in 2017 which saw the organisation raise $25 million.
The 30,000 square foot, state of the art training facility will act as a permanent residence for Cloud9's employees in addition to developing the future generations of gamers.
The additional funding will also enable Cloud9 to expand its commercial offerings and merchandise options; broadening the sports reach globally.
Developments of this scale are widely considered to be the beginning of an esports revolution which is sweeping the world. The UK's esports scene is expanding rapidly; spiking rumours that the next major esports project will be based in London, with Overwatch franchise the London Spitfire requiring a permanent base by 2020.
Cloud9 to open LA esports training base after US$50m funding round