NYC accelerator ERA invests in Gen.G

New York City-based accelerator, Entrepreneurs Roundtable Accelerator, announced today that it has invested in the South Korean esports organization, Gen.G.

ERA did not disclose how much it invested in the Korean organization. Earlier in the year, Gen.G received $46 million from a group of investors, which includes Battery Ventures, Canaan Partners, Hollywood actor Will Smith’s Dreamers Fund, Los Angeles Clippers minority owner Dennis Wong, Stanford University and SVB Capital. 

Gen.G was established in 2017 and has since become an international esports brand with teams across a series of esports titles like League of Legends, Overwatch, Apex Legends, PlayerUnknown’s Battlegrounds, and Fortnite. Gen.G owns teams in China, South Korea, and the United States. 

ERA invests in early-stage tech startups by inviting them to Manhattan every year to participate in programs that span a couple of months. It has helped Korean firms and local Governments to penetrate the US market. 

Gen.G currently has nine teams, with six championship trophies and three academy teams. It was ranked #6 in Forbes top esports organizations and runs TeamBumble, the leading team platform for the empowerment of women in gaming and esports.