Philadelphia 76ers guard Ben Simmons dreamed about joining the esports organization FaZe Clan, so he bought a piece of it. After his new investment, Simmons is now a brand ambassador with the in-game tag of “FaZe Simmo.”
His investment comes during an ongoing Series B funding round. Valued at $240 million, FaZe Clan is the fourth-most valuable esports team, according to Forbes. It closed a $40 million funding round in April led by music mogul Jimmy Iovine and mobile e-commerce platform NTWRK.
Simmons, born in Australia, said he wants to help broaden the international appeal of FaZe Clan. Simmons streamed Call of Duty: Warzone on Twitch during the coronavirus hiatus, and also competed in a tournament alongside other athletes like Paul George and JuJu Smith-Schuster.
Other Athlete FaZe Clan Investors:
— New Orleans Pelicans’ Josh Hart
— Miami Heat’s Meyers Leonard
— Denver Nuggets’ Jamal Murray