by Moxye Staff
Kevin Durant may play professional basketball and according to Laura Ingraham he and his peers need to just ‘shut up and dribbled a basketball’. However, this is not about Ms. Ingraham. Moxye produces inspiring, aspiring and engaging content for our users. The latest, Kevin Durant sees an investment opportunity in video games.
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The Golden State Warrior and his business partner Rich Kleiman through The Durant Co. contributed to a $38 million capital raise in Vision Esports, a conglomerate that’s both an esports investment fund and management company.
Evolution Media, the investment firm backed by Creative Artists Agency (CAA), and private equity fund TPG Growth led the round with participation from Shamrock Holdings, the private investment arm of the Disney family; Seth Bernstein Capital Management; Simon Tikhman of First Access Entertainment; the St. Louis Cardinals; and New York Giants wide receiver Odell Beckham Jr.
The new investors join the New York Yankees, which invested last year.
The funding establishes Vision Esports as the largest shareholder in three esports companies: Echo Fox is staffed and led by several former athletes. Its founder is three-time NBA champion and actor Rick Fox and former New York Knicks forward Jared Jeffries is the company’s president. The organization received investment from the New York Yankees in October.; Twin Galaxies, the recognized authority for video game world record validation since 1981; and Vision Entertainment, which produces original esports content and live esports events.
Vision Esports — a division of the Vision Ventures Partners private equity firm founded by Fox, Amit Raizada and Stratton Sclavos — has offices, production studios and esports training facilities in a 30,000-square-foot space in Beverly Hills.
“At Vision Esports ‘We Play to Win’ and we know that esports are pro sports, with the same ecosystem components and business drivers,” said Sclavos, who serves as general partner of the company with Jace Hall and Chris Nordling, in a statement. “Our investors are some of the smartest and most accomplished names in sports and media and they share our passion, committing not only capital but also their organizational resources and relationships in our quest to change the professional sports landscape.”
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