Major League Gaming Raises $3M in Debt

New York-based Major League Gaming has raised $3.1 million in debt and rights, as part of a funding round that could reach $4.9 million, according to an SEC filing. Major League Gaming is the largest league of professional video game players in the world. The company’s previous investors include Legion Enterprises, Oak Investment Partners, and Ritchie Capital Ventures.

Author: Arlene Weintraub

Arlene is an award-winning journalist specializing in life sciences and technology. She was previously a senior health writer based out of the New York City headquarters of BusinessWeek, where she wrote hundreds of articles that explored both the science and business of health. Her freelance pieces have been published in USA Today, US News & World Report, Technology Review, and other media outlets. Arlene has won awards from the New York Press Club, the Association of Health Care Journalists, the Foundation for Biomedical Research, and the American Society of Business Publication Editors. Her book about the anti-aging industry, Selling the Fountain of Youth, was published by Basic Books in September 2010.