USM Holdings has announced that it is making an investment of upwards of $100 million in Virtus.pro.

Founded by Alisher Usmanov, a 62-year-old Russian business magnate, USM Holdings is an investor in a variety of companies across several industries, from metals and mining to telecoms and internet.

The company is now looking to add to its impressive portfolio by making a big investment in Virtus.pro - one of the biggest esports organisations based in Russia - that could exceed the $100 million mark.



Virtus.pro's organisation to receive a major investment

The investment will be used by Virtus.pro to launch new tournaments, support new games, create media channels and build new esports arenas, says Anton Cherepennikov, co-owner of the Russian organisation.