beastcoast

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Esports?
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Beastcoast is an esport organization which is part of the 2020 cohort in the Techstars accelerator. The team becomes the first esports organization to join Techstars’ portfolio. Beastcoast fields teams in esports such as Dota 2, Valorant, Rainbow Six Siege, and Super Smash Bros among others with total prize winnings of around USD 240,000 (largest share for Dota 2). Team sponsors include endemic brands such as Respawn, HyperX and Aorus.

In January 2021, the company announced that it had acquired the Rainbow Six Pro League spot from esports organization Tempo Storm. Beastcoast’s Rainbow Six roster will join the league as a Tier 3 organization and generate revenue from the league's tiered revenue sharing program, R6 Share.

In May 2021, Beastcoast announced USD 2.5 million in pre-seed funding. The round included participation from Andover Ventures, Elevate Ventures, and Techstars, and angel investors Steven Temares (former CEO, Bed Bath & Beyond) and Scott Dorsey (Managing Partner, High Alpha Ventures).

The company revealed the funding was used over the last two years to scale its content team, expand into Dota 2, and acquire a North American Rainbow 6 Siege Pro League slot in January 2021. The company claimed that its seed round will open in Q2 2021 and that it will fund the expansion into additional titles, acquiring a studio facility and expanding its marketing division.

HQ location:
255 west 88th street apartment 11 New York NY USA
Founded year:
2017
Employees:
11-50
IPO status:
Private
Total funding:
USD 2.6 mn
Last Funding:
-
Last valuation:
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