Team Liquid parent company Axiomatic raises $21 million in new funding round

Team Liquid LoL raises the LCS trophy.

Axiomatic is the parent company of the successful esports organization Team Liquid. So far, it has already had multiple well-known and high-profile investors, such as basketball legend Michael Jordan. In a previous funding round held in October 2018, he joined the company as part of an investor group that also included Curtis Polk of the Charlotte Hornets and Carlyle Group’s David Rubenstein, among others.

According to Unikrn’s Dustin Steiner, however, a few new partners have now invested in Axiomatic. Team Liquid’s parent has recently received $21.5 million in a new funding round. The total offering amount was $25 million, which makes for a pretty successful campaign overall. The names of the investors, though, have not been revealed.

Team Liquid parent company Axiomatic raises $21 million in new funding round

Team Liquid is one of the most successful esports organizations in the world. Photo via: Team Liquid.

Whoever they are, they have joined Jordan, fellow NBA legend Magic Johnson, Golden State Warriors co-owner Peter Gruber, Tampa Bay Lightning owner Jeff Vinik, and Washington Capitals owner Ted Leonsis in supporting Steve Arhancet and company in the future. Currently, Team Liquid enjoys the pleasure of being one of the biggest esports organizations in the whole world.

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Through time, it has signed myriad teams. Due to TL’s professional approach, several of them are now some of the world’s best in their respective games. These include Team Liquid’s CS:GO, Dota 2, League of Legends, Super Smash Bros., Rainbow Six Siege, Fortnite, or Street Fighter divisions. Most of Team Liquid players are highly marketable, aside from being consistently good competitors.

Team Liquid parent company Axiomatic raises $21 million in new funding round

Team Liquid´s League of Legends roster has found massive success within North America over the past year and a half. Photo via: LoL Esports.

TL’s League of Legends roster, for example, got its third LCS title two weeks ago in the Chaifetz Arena, Sant Louis. Only one weekend later, Juan “Hungrybox” Debiedma would go on to win Pound 2019’s Super Smash Bros. Melee tournament. Axiomatic can definitely boast being the parent company of one of the most successful esports organizations of the moment. So it will be interesting to see what the raised amount is used for.

Maybe in building some improved facilities for some of its teams to practice out of Los Angeles? Maybe for global marketing purposes? The future is unknown for Team Liquid, but undeniably, these $21.5 million dollars will help to maintain the rising pattern it has experienced ever since its conception.


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