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Beastcoast Announces $2.5 Million Funding Round

(May 3, 2021) Beastcoast, an esports and gaming content network, announced today that it closed its $2.5m pre-seed capital raise with participation from Andover Ventures, Elevate Ventures, Techstars, and other notable sports technology and media angel investors including Steven Temares (Former Bed Bath & Beyond CEO and Sky Blue FC owner) and Scott Dorsey (Managing Partner at High Alpha Ventures). The company have called the funds in tranches over the last two years to support its rapid growth.

Led by Co-CEO Brian Anderson and Founder and Co-CEO Grant Zinn, Beastcoast is reinventing how gaming and esports content is consumed and monetized through their industry leading network of content creators and using a unique rights ownership model.

The company produces gaming content across fourteen different channels and brands generating millions of views per month across its network. In 2020, Beastcoast became the first esports company to join Techstars as part of its Sports Accelerator, a program designed to scale sports technology startups from around the world.

"Esports monetization is fundamentally broken and it’s with the support of our amazing investors and partners that Beastcoast is trying to solve some of the problems plaguing underperforming orgs and gaming media companies." said Anderson, a former investment banker turned gaming entrepreneur. "We are so excited to see where the next year takes us on this journey creating amazing gaming moments for our fans and viewers around the world."

Anderson said that the funding has facilitated expanding their content creation team, acquiring a North American Rainbow 6 Siege Pro League slot, and expanding internationally into South American Dota 2. Beastcoast currently has 28 professional gamers and influencers on their roster.

"We are excited to join Beastcoast in their efforts to transform the esports industry," said Elevate Ventures entrepreneur-in-residence Eric Steele. "They have built a strong team and have established themselves as a potential market leader within a booming industry."

Key to Beastcoast’s growth has been their international approach. "I'm excited to join Beastcoast on their journey to becoming a top-tier esports organization. Content is always king in any medium and esports is no different. By focusing on quality content, I believe Beastcoast will be able to capture the imagination of millions of esports fans." commented Sam Li, Founder and Managing Partner of Calvert Drive Ventures and Beastcoast investor and advisor.

Beastcoast is already planning its continued expansion and plans to kick off their Seed round in early Q2 to expand into additional titles, grow their sales/marketing organizations and acquire a dedicated studio facility.

MEDIA ASSETS

MEDIA CONTACT

Brian Anderson, Co-CEO

brian@beastcoast.gg

ABOUT BEASTCOAST

Founded in 2017 with offices in Indianapolis, New York City, Las Vegas, and Lima, Beastcoast (stylized as ‘beastcoast’) is a gaming content network and Esports team. It publishes under fourteen different content channels and brands. Beastcoast’s current lineup features the most successful active team in the Dota 2 South American competitive community. Other players within beastcoast represent Rainbow 6 Siege, Mortal Kombat, the Super Smash Bros franchise, Dragon Ball FighterZ, and Pokémon. Streamers also represent similarly diverse titles, from horror speed running to the Dota 2 franchise. Beyond player development, Beastcoast strives for top-notch fan outreach and high-quality merchandise, emphasizing clear, recognizable branding and authentic diversity in gaming communities. To see the team’s full roster and learn more, visit beastcoast.gg

ABOUT ELEVATE VENTURES

Elevate Ventures is a private venture development organization that nurtures and develops emerging and existing high-growth businesses into high-performing, Indiana-based companies. Elevate Ventures accomplishes this by providing access to capital, rigorous business analysis and robust advisory services that connect companies with the right mix of resources businesses need to succeed long term. To learn more about Elevate Ventures, visit elevateventures.com.

ABOUT TECHSTARS

Techstars is the global platform for investment and innovation. Founded in 2006, Techstars began with three simple ideas—entrepreneurs create the future, collaboration drives innovation, and great ideas can come from anywhere. Today our mission is to make innovation accessible to everyone, everywhere. We do this by connecting startups, investors, corporations, and cities to create a more sustainable and inclusive world. Since 2006, Techstars has invested in more than 2,200 companies and today has a market cap of $27 Billion. www.techstars.com