Canadian esports and video game entertainment company OverActive Media Group has bagged more than 17.1 million pounds ($22 million) in a fresh funding round.
In November last year, it was revealed that OverActive was planning to fully purchase video gaming esports company Splyce after an initial commitment of $1.5 million was made in April.
OverActive will use the new funds to wrap up the purchase of Splyce within the next 30 days and to fund the Toronto Defiant.
In October 2018, OverActive Media raised $21.5 million in equity financing to fund the team's initial operation costs and francise fees for 2019.