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Cloud9 Finds $50M For Esports Efforts, Sets Up HQ In LA

Cloud9, an e-sports firm which operates an e-sports league, has raised $50M in a Series B funding round, and set up its permanent headquarters in Los Angeles. According to the company, the funding was led by Valor Equity Partners, which will add Partner Antonio Gracias to Cloud9's board of directors. The round also included TrueBridge Capital Partners, Reimagined Ventures and Glassdoor founder Robert Hohman. Cloud9 was founded in 2013 by Jack and Paullie Etienne, and is behind such teams as the London Spitfire, the British Hurricane, and others.