Swedish esports team Ninjas in Pyjamas garnered a $600,000 investment from Nyx Ventures, a Norwegian investment firm, according to BREAKIT. The 500 share buy escalates the valuation for the team at $12.5 million. According to the report, this follows a record year in sales for NiP, with over $2.1 million in revenue—but on $83,000 in profit.

Nyx Ventures is the sole investor in this most recent round, and now joins Emil Christensen and Diglife, among others, as shareholders in Ninjas in Pyjamas.

Ninjas in Pyjamas was originally founded in 2000 as a player-owned and controlled operation, but as the organization grew, it had to evolve. Recent controversies, including unpaid wages, rocked the team, however, and resulted in the firing of former CEO Per Lilliefelth. This investment, then, appears to put the company back on track.

[perfectpullquote align=”full” cite=”” link=”” color=”” class=”” size=””]“We have solved the previous leadership problems,” Hicham Chahine, Ninjas in Pyjamas CEO, said. “The company is now well established and well prepared for future growth.”[/perfectpullquote]

As for the future, Ninjas in Pyjamas is looking forward to focusing on “content, distribution, merchandise, and partnerships,” Chahine said. It will continue to support its teams, and “possibly add new ones.”