Philadelphia-based gaming company Nerd Street Gamers has secured $12 million in Series A funding, according to company database Crunchbase, topping the city’s recent funding headlines. The cash infusion was announced Oct. 10 and led by Five Below.
According to its Crunchbase profile, "Nerd Street Gamers (NSG) is a national network of esports facilities and events dedicated to powering competitive opportunities for gamers. The company promotes greater access to the esports industry, laying a national framework for esports talent development and high-quality gaming tournaments. NSG has received early backing from SeventySix Capital, a premier sports tech venture capital firm, and Comcast Spectacor."
The four-year-old startup has raised three previous funding rounds, including a $2.5 million Series A round earlier this year.
The round brings total funding raised by Philadelphia companies in gaming over the past month to $15 million. The local gaming industry has seen four funding rounds over the past year, raking in a total of $18 million in venture funding.
In other local funding news, gaming company Mebias Discovery announced a $3.5 million funding round on Oct. 14.
According to Crunchbase, "Mebias Discovery holds a game-changing platform to discover next generation GPCR drugs devoid of on-target side effects once thought to be unavoidable."
The company has raised three previous rounds, including a round in 2017.
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