VERITAS RAISES $10 MILLION TO OPEN AN ESPORTS ARENA IN BERLIN

VERITAS Entertainment is now set to open LVL, a 26,000 sq. ft. gaming and esports community center in Berlin. This comes on the heels of a funding round that raised more than $10 million. LVL is set to officially open to the public on March 26, and is expected to welcome at least 250,000 visitors per year, in addition to hosting 130 live events annually.

The layout of the facility: The ground floor features console, arcade, and VR gaming stations, alongside a merchandise shop. It is also set to serve as the new central venue and training ground for team organization G2 Esports, with players in League of Legends, Rainbow Six Siege, and other games. This should allow them to bootcamp, create content, and interact with fans. The facility will also house a burger restaurant and cafe in addition to a dedicated esports arena. Live esports events will provide players with white-noise blasting headphones, boxed soundproof booths, a noise-canceling dome structure, bar, cinema area, and LAN-zone with 50 gaming PCs.

Investment stuff: The $10 million funding round had participations from BITKRAFT Esports Ventures in addition to other angel investors. Exact investment amounts were undisclosed. The capital primarily funded the construction and operation of VERITAS’ first Berlin facility, but will also be used for exploration into other markets.

The facility is located in Checkpoint Charlie, a former border crossing between East and West Berlin, which has become one of the city’s most-visited tourist attractions.

Ryan Goodrich

Ryan has been writing since long before he could even write. He's written resumes, software user guides, consumer electronic reviews, and myriad web content spanning a variety of industries. But now he's writing about video games, which is much more interesting.

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