French organisation MCES has raised €2.5 million (£2.26 million) through its Series A investment round.
The investment was closed in May and was funded by Région Sud Investissement, Lab Five, and over 20 angel investors.
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The newly-raised funds will be used towards improving MCES’ scouting, training, and supervision capabilities for its players. The organisation has also tapped Anthony Gay and Sylvain Vachier as its CFO and CRO, respectively.
Additionally, MCES is looking to grow its presence in what it considers to be two key international markets: Italy and Africa.
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The organisation raised $2 million (£1.5 million) in seed funding in June to assist with growth in terms of workforce, its competitive offerings, and the establishment of gaming academies for amateur players.
Esports Insider says: It’s good to see MCES continue its ambitions of growth in multiple facets with this raise, as well as the appointment of two key personnel that’ll ensure it’s on the right path financially.