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Vulcun raises $12M for fantasy e-sports tournament startup

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Vulcun, a tournament site for fantasy e-sports, announced today that it has raised $12 million in venture capital from Sequoia Capital and other investors. That’s a big blessing for fantasy e-sports, or a business that is all about tournaments for game spectators who create fantasy sports teams around their favorite professional gamers.

The funding is a signal that e-sports, where fans watch professional gamers battle each other in video games, has become such a big worldwide business that it is now spinning off related businesses, much like professional sports leagues led to a boom in fantasy sports leagues.

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