Gray leading group of investors in $40 million round for Texas-based Envy Gaming
Gray Television, Inc. (“Gray”) (NYSE:GTN) and Envy Gaming, Inc. (“Envy”), an esports and entertainment company based in Dallas, jointly announced today that Gray is leading a $40 million investment round for the organization. As the lead investor in Envy’s Series C round, Gray will invest $28.5 million and name two directors to the Envy Gaming board of directors.
Hilton H. Howell, Jr., Gray’s Executive Chairman and CEO said, “We’re excited to lead this investment in Envy Gaming, an organization known for breaking ground and pushing the limits of what the future holds for gaming and entertainment.”
Founded in 2007, Envy includes a growing network of content creators, competitive gamers, and esports teams with global reach across multiple platforms. Envy owns and operates the world champion Dallas Empire team in the Call of Duty League, the Dallas Fuel team in the Overwatch League, and the Team Envy franchise that competes in Halo, Rocket League, Super Smash Bros, Valorant and other games.
Gray Television, Inc. (“Gray”) (NYSE:GTN) and Envy Gaming, Inc. (“Envy”), an esports and entertainment company based in Dallas, jointly announced today that Gray is leading a $40 million investment round for the organization. As the lead investor in Envy’s Series C round, Gray will invest $28.5 million and name two directors to the Envy Gaming board of directors.
Hilton H. Howell, Jr., Gray’s Executive Chairman and CEO said, “We’re excited to lead this investment in Envy Gaming, an organization known for breaking ground and pushing the limits of what the future holds for gaming and entertainment.”
Founded in 2007, Envy includes a growing network of content creators, competitive gamers, and esports teams with global reach across multiple platforms. Envy owns and operates the world champion Dallas Empire team in the Call of Duty League, the Dallas Fuel team in the Overwatch League, and the Team Envy franchise that competes in Halo, Rocket League, Super Smash Bros, Valorant and other games.
