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Oxygen Esports Closes $20M Series A Financing Round

Oxygen Esports Closes $20M

Oxygen Esports have had quite the start to 2022. After announcing their deal to take over operations for the Boston Uprising in the Overwatch League, OXG revealed they would also introduce the newest entry into the Call of Duty league with the Boston Breach. The Breach have made a massive mark on the CDL environment, with a top three finish in the Minnesota Major.

[Related: CDL Major 2 Tournament Predictions]

On Thursday, April 14, Oxygen Esports notched another big victory for the organization. Oxygen Esports closed on a $20M Series A financing deal, while also welcoming in new investors to the org.

The deal highlights the success of OXG, not just in Call of Duty but across it’s teams in various titles. Oxygen’s goal is to become the most prominent esports organization in the New England area, and with the backing of several Boston sports icons, they may just achieve that goal in short time. OXG’s notable investors currently include Danny Ainge, The Kraft Group and the Gronkowski brothers. Joining the already star-studded line up of investors is professional golfer Jon Rahm.  Rahm is an avid fan of first-person shooters, and even gave a shout out to Optic Gaming after his US Open performance.

 

An interesting takeaway from the announcement is the mention of developing amateur teams and regional talent. OXG is looking to develop more talent for their main titles, and ultimately ensure their future success. Currently the Boston Breach do not have a development roster, and the Uprising Academy are rebuilding after promoting several players to the Overwatch League.


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Featured image courtesy of Oxygen Esports

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