Los Angeles, California , Feb. 28, 2018 (GLOBE NEWSWIRE) -- What started with an esports team is now quickly becoming an esports empire, backed by some of the biggest names in sports and money managers for entertainment family dynasties and Hollywood power brokers according to a recent TechCrunch news story.
Vision Esports LP, the esports conglomerate launched by Stratton Sclavos, Rick Fox and Amit Raizada has just closed on a $38 million investment from a host of investors led by the Creative Artists Agency and TPG Growth joint venture Evolution Media.
Esports visionaries like Fox, Sclavos, and Amit Raizada are no stranger to taking chances. Raizada a well respected LA entrepreneur, built SBV, his business venture firm, and now ESports with former NBA star Rick Fox and entrepreneur Sclavos.
“At Vision Esports ‘We Play to Win’ and we know that esports are Pro Sports, with the same ecosystem components and business drivers,” said Stratton Sclavos, Managing General Partner, Vision Esports. “Our investors are some of the smartest and most accomplished names in sports and media and they share our passion, committing not only capital but also their organizational resources and relationships in our quest to change the professional sports landscape.”
The Team Echo Fox founder and executive Rick Fox is also his partner in previous ventures that were rewarded with handsome profits. This recent investment is backed by Vision Ventures, and at the helm are industry experts like Jace Hall and Sttraton Sclavos. Sclavos is a former CEO of Verisign who played an instrumental role in its IPO. Jace Hall is one of best marketers in egaming with a talent for game design.
Rick Fox's Team Echo Fox is set to benefit from Sclavos & Raizada's shrewd business acumen, his impeccable timing and his diligence. He has served as Fox's mentor of sorts, schooling the former LA Lakers' player in the basics of formulating an effective and attractive franchise plan and in the hiring of the business executives who have the right skills for the job. This has also resulted in the creation of an impressive stable of egaming crews that play in such games as Call of Duty and Gears of War. In 2016, the team signed Torque, which played in the Counter-Strike Global Offensive. A year later, Jared Jeffries joined the organization as president.
With Sclavos, Fox, and Amit Raizada's help, the team is poised to be one of the largest gaming teams, especially with access to the world's best gaming coaches and top-of-the-line gaming facilities and equipment. With a strong executive core and unparalleled insight into traditional and egaming, Team Echo is on its way to becoming one of the leading esports companies in the field today.
About Vision Esports
Vision Esports is an esports investment fund and management company.
Vision Esports is a special purpose investment vehicle (SPV) established by Vision Venture Partners, a private equity firm based in Los Angeles and founded by Rick Fox, Amit Raizada and Stratton Sclavos. Vision Esports has a mandate to raise a substantial amount of capital to directly invest in Echo Fox, Twin Galaxies, and Vision Entertainment with the intent of becoming the single largest shareholder in each company. The General Partners of Vision Esports, LP are Stratton Sclavos, Jace Hall and Chris Nordling.
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