Esports investment fund and management company Vision Esports has raised $38 million in funding.

The organisation aims to use the money to invest in more companies in the competitive gaming space.

Following the funding round, it is now the largest shareholder in esports outfit Echo Fox, analytics firm Twin Galaxies and live event producer Vision Entertainment.

Competitive investment

The investment round was led by Evolution Media, as well as other sports organisations and athletes including American football star Odell Beckham Jr., the New York Yankees, Shamrock Holdings, Seth Bernstein Capital Management, First Access Entertainment’s Simon Tikhman and others.

"At Vision Esports 'we play to win' and we know that esports are Pro Sports, with the same ecosystem components and business drivers," said Vision Esports managing general partner Stratton Sclavos.

"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 organisational resources and relationships in our quest to change the professional sports landscape."