THE INVESTOR

메뉴열기
December 09, 2019

NYC accelerator ERA invests in S. Korean esports firm

PUBLISHED : November 13, 2019 - 16:25

UPDATED : November 13, 2019 - 16:52

  • 본문폰트 작게
  • 본문폰트 크게
  • 페이스북
  • 트위터
  • sms

Entrepreneurs Roundtable Accelerator, a New York City-based accelerator, said on Nov. 13 that it has invested in South Korean esports startup Gen.G.

The New York accelerator did not disclose the exact investment amount, but it came after a group of investors -- Los Angeles Clippers minority owner Dennis Wong, Hollywood actor Will Smith’s Dreamers Fund, Battery Ventures, Canaan Partners, SVB Capital and Stanford University -- invested a combined $46 million funds earlier this year, the accelerator said. 




“The latest funds will help the Korean company to grow its presence in the US esports market,” ERA said.

Established in 2017, Gen.G runs esports teams for global hit games such as Heroes of the Storms, PlayerUnknown’s Battlegrounds, and Fortnite.

ERA, which invests in early-stage tech startups, has worked with Korean firms and local governments to help them enter the US market. It has been inviting local startups to Manhattan every year. Those selected participate in monthslong programs run by the US accelerator.

ERA’s partners include the Korea Institute of Startup & Entrepreneurship Development, Korea Trade-Investment Promotion Agency, Seoul Metropolitan Government and Korea Venture Investment Corp.

Founded in 2011, it has raised more than $250 million won, and has some 180 startups under its portfolio.

By Kim Young-won (wone0102@heraldcorp.com)

  • 페이스북
  • 트위터
  • sms
최상단으로
Herald Corporation|CEO : Kwon Chung Won
Publisher. Editor : Kwon Chung Won
Chief Privacy Officer & Juvenile Protection Manager : Yang Sung-jin
Title : The Investor|Date of registration : 2015.04.28
Company Registration No. 104-81-06004
Mail-Order Business Registration 2016 - Seoul Yongsan - 00590
Huam-ro 4-gil 10, Yongsan-gu, Seoul, Korea
T : +82-2-727-0114|Business info
Gov’t registration No. Seoul 아04099
COPYRIGHT HERALD CORPORATION. ALL RIGHTS RESERVED.