Nerd Street Gamers raises $11.5 million for digital esports platform

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Nerd Street Gamers has raised $11.5 million to expand its digital esports platform even while its esports training centers have been closed.

The new money comes from San Francisco venture capital firm Founders Fund. Previously, Nerd Street Gamers raised nearly $12 million from Philadelphia discount retailer Five Below (and others) to build esports Localhost facilities that house leagues, training camps, tournaments, and showcases.

Even with the company’s esports training venues closed for the majority of the past year due to the pandemic, Nerd Street said it saw big growth thanks to its digital platform. It offers affordable competitive experiences like tournaments, camps, and coaching, and Nerd Street increased its membership by more