Esports merchandising company We Are Nations has announced the formation of Nations Ventures, an investment vehicle for esports.
Nations Ventures will invest in early-stage companies that don’t compete with the core business of We Are Nations.
Image credit: Nations VenturesRELATED: Aim Lab parent Statespace raises $15M in Series A
The venture aims to “provide opportunities for collaboration, product and marketing enhancement and other economies of scale. ” It’s majority-owned by We Are Nations with other ownership coming from existing and new investors in the merchandising company.
Patrick Mahoney, CEO of We Are Nations, spoke on the venture in a release: “Nations Ventures seemed like a smart next step for We Are Nations. Like I’m sure everyone else has been doing since the start of the COVID-19 crisis, I’ve spent a lot more time on calls talking to people a bit more outside my normal orbit than usual.
Read more at: