COMPANY NEWS
Credit: Eric Ananmalay, became the first Fortnite World Cup singles champion with a $3 million winning
Nations Ventures, a venture capital fund focused on the esports industry and majority-owned by We Are Nations, has made a strategic investment in Obsesh. “The Obsesh team is well positioned in the sports market and has taken a unique approach to a historically ignored group of skilled sports talent. At Nations, we look for companies with a great product, strong team, and a go to market strategy, and we see Obsesh as having the ability to effectively accelerate across both sports and eSports,” said Patrick Mahoney, General Partner, Nations Ventures.
“In addition, we saw right away the synergy with Obsesh and several of our portfolio companies including Insights, Echelon, and A8 esports. We are also already implementing We Are Nations as their scalable merchandising solution for both Obsesh retail and custom athlete integrations.”
“From the minute we met Patrick, Dan Cardell and the team at Nations, we knew there was a shared vision to not only build Obsesh as the number one platform for sports fans, but to take the platform into eSports,” said Tracy Benson, CEO and Cofounder of Obsesh. “Nations without a doubt hit on the manpower, network and industry knowledge to help us scale our business and accelerate our vision to become the #1 go-to marketplace for all sports.”
About Nations Ventures
Nations Ventures was formed in 2020 to propel growth in the esports industry. Nations Ventures is led by experienced venture capital professionals, and leverages the We Are Nations network of industry experts and leaders to create a value added investment experience including both access to capital and business mentoring. www.nationsventures.com