Axiomatic Gaming, a US-based eSports holding company backed by entertainment group Walt Disney and virtual reality technology developer NextVR, has raised $21.5m from unnamed investors, according to a regulatory filing.
Founded in 2015, Axiomatic backs competitive eSports and video game-orientated businesses through direct investments, strategic partnerships and acquisitions.
The company’s portfolio includes a controlling interest in Team Liquid, an eSports franchise with an estimated valuation of $200m that it acquired in 2016.
Axiomatic has now received $89m in funding altogether, according to securities filings, including $26m in an October 2018 round led by ex-basketball professional Michael Jordan that included family office Declaration Capital and private investor Curtis Polk.
Axiomatic’s other investors include Walt Disney and Next VR, according to the Los Angeles Business Journal, as well as Magic Johnson Enterprises, the investment firm formed by another former basketball star, Magic Johnson.