Artist Capital Management is launching Artist Esports Edge Fund after closing a $100 million fund for investing in esports disciplines. The company already has stakes in the likes of 100 Thieves and Washington Esports Ventures, owners of the Overwatch League franchise, Washington Justice, with the fund used to help institutional investors get into the esports industry as it becomes more formalized. “Similar to the evolution of other internet verticals, we expect that a small number of esports companies will eventually win the lion’s share of industry revenue and market capitalization” said Josh Dienstag, Artist Capital Management’s chief investment officer, in a statement. “We hope to partner with the entrepreneurs who are building those winning platforms.”
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