Video gaming leagues are common in Asia, but it it still building up in U.S.  Major League Gaming, a private company, is seeking to elevate competitive videogame playing into a professional sport, and has raised $10 million in financing. The round was led by Ritchie Capital, an asset management firm with VC investments in the biotech, energy and digital media sectors. The company said the investment will strengthen its efforts to become a sports league. MLG holds game tournaments throughout the U.S., culminating in a final championship game every year.

Along with this, MLG also appointed Matthew Bromberg, the former GM of Time Warner’s Moviefone and AOL Games properties, as president and COO.