The Echo Fox organization is about to receive more backing. According to ESPN, former San Jose Sharks co-owner Stratton Sclavos has invested in Echo Fox, an organization which spans across League of Legends, CS:GO, Gears of War 4, H1Z1, The Call of Duty Franchise, as well as the FGC.
The report indicates that Sclavos had invested into Echo Fox four to five months ago. Sclavos spent 12 years as the CEO of VeriSign, a secure e-commerce service, and has invested in other projects in the past including a contribution of $1 million towards Duo, a mobile security startup. Sclavos was also a minority owner of the San Jose Sharks of the NHL.
Sclavos, a former Entrepreneur of the Year in California, is personally acquainted with Rick Fox, the founder of Echo Fox. "I live full-time in Los Angeles and am very good friends with Amit Raizada and Rick Fox. Rick is one of the owners and Amit is another investor there," said Sclavos to ESPN. "In talking about various business opportunities that I was looking to pursue in either venture capital or private equity, we happened one night to be talking about Echo Fox and what was going on in competitive video gaming."
Echo Fox has made major strides in the gaming community as of late. They recently picked up a "super squad" of players in the fighting game community and acquired one of the bigger League of Legends free agents in Jang "Looper" Hyeong-seok.
Sclavos also has ties to other investors and CEO's within Echo Fox. "I knew Jace Hall from way back when and Amit's obviously been a very successful businessman himself," said Sclavos to ESPN. He also thinks that the crossover between esports and traditional sports is something to dive into. "I thought, 'why not put my lot in with these guys and try to make something in this new market, which has a lot of similarities to what I did in tech and what a lot of similarities to what I did in pro hockey?'"
Echo Fox's League of Legends team is currently 2-2 and continue play on February 4 against Team Liquid. They are led by Austin "Gate" Yu who finds himself as the 12th ranked support player inside the WWG League of Legends Player Rankings.