Asia

EVOS Esports raises $12 million in Sequence B spherical

Consideration Holdings, the mum or dad firm of Southeast Asian organisation EVOS Esports, has raised $12M in its Sequence B spherical.

The spherical eas led by Korea Funding Companions with participation from present shareholder Insignia Ventures Companions and newcomers Mirae Asset Ventures, Woowa Brothers, and Indogen Capital.

Picture credit score: EVOS Esports

RELATED: EVOS Esports companions with Lazada Indonesia

Sang-Ho Park, Govt Director of Korea Funding Companions, spoke on the choice to speculate: “Esports is at present one of many quickest rising industries, and ATTN has managed to ascertain themselves as probably the most superior esports platform throughout Asia. Ivan and his group have proven us that they’ve a transparent roadmap shifting ahead and that we imagine they’re on monitor to constructing the biggest esports ecosystem in Asia.”

EVOS Esports claims to be the sixth-largest esports model globally in a launch, with Consideration Holdings additionally reporting that its income from dwell streaming has doubled for the reason that high of the 12 months. The organisation has been busy prior to now few months, establishing partnerships with Visa, Armaggeddon, and Lazada Indonesia.

RELATED: ReKTGlobal raises $35 million from Summit Companions

Ivan Yeo, CEO of Consideration Holdings, commented: “Korea Investments Companions are the main buyers within the esports and gaming house, and we’re excited that they’ve determined to affix us on our journey. With their international portfolio and in-depth expertise on this trade, we imagine that we’ve got secured the suitable companions to deliver our firm to the subsequent stage.

“World esports income is projected to develop at 15% CAGR, with our area exhibiting the very best progress price at 24% CAGR. Because the international locations we’re working in are nonetheless largely untapped, we intend to maximise this chance and are nicely positioned to launch the area’s first ever esports platform.”

Esports Insider says: EVOS Esports has confirmed itself to be a pacesetter in its market and having important capital behind it can assist with continued progress and funding in what it deems to be key areas. It’s good to see organisations outdoors of the everyday areas – Europe, North America, and China – receiving such consideration and funding.

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