Esports company Nerd Street Gamers, which announced last year it was building a massive, 40,000 -square-foot HQ on North Broad Street, announced Tuesday that it raised $11.5 million in a new funding round that will help it to keep up with growth.

The round was led by San Francisco-based VC firm Founders Fund. Nerd Street Gamers CEO John Fazio told Technical.ly that he and Founders Fund head Brian Singerman “hit it off,” and that Singerman was “so clear on Nerd Street’s vision” from the first meeting.

Fazio said he’d spent time in years prior taking meetings with investors in Silicon Valley. But it wasn’t until a virtual meeting with Founders Fund in 2020 that the company really entertained a non-local investor.

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