Dean Takahashi of VentureBeat: “Nerd Street Gamers has raised $12 million in funding from Philadelphia discount retailer Five Below (and others) to build esports Localhost facilities that house leagues, training camps, tournaments, and showcases.”

“The deal is one more example of an investment boom for esports. Professional teams, as well as amateur esports players, can use these centers. Amateurs can rent the spaces when needed.”

Dan Primack of Axios explains the BFD: “E-sports has been growing ahead of its physical infrastructure, so back-build is needed to protect existing investments. Both on the professional and amateur side.”