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GameSquare spins off creator-focused FaZe Media, raising $11M
GameSquare has spun off FaZe Clan’s creators and non-esports assets into FaZe Media and welcomed DraftKing’s Matt Kalish as an investor.
I believe this team, with the support of GameSquare’s capabilities and infrastructure, can relaunch the FaZe brand and restore it to the gaming and internet culture juggernaut the founders had originally created,” said Kalish in a statement. Matt deeply believes in the power of founder and creator-led organizations and shares the vision to return FaZe back to its roots by empowering its creators.” In addition to the cash on FaZe Clan’s balance sheet, the company also secured a further $10 million in March 2024, thanks to a PIPE financing round that closed alongside the acquisition.
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