Home Asian News Tembusu Partners' esports fund invests US $ 1 million into Singapore's RSG

Tembusu Partners’ esports fund invests US $ 1 million into Singapore’s RSG


William Cao, Executive Partner of the FrontSight Capital Fund

Tembusu Partners, a private equity investment firm based in Singapore, today announced its FrontSight Capital Fund has invested US $ 1 million in local esports organization RSG.

The esports fund’s first investment will be used to support RSG’s strategy to strengthen capacity, expand regional talent pool and broaden market reach to attract plus. Better co-gamers and improved fan experience.

Tembusu Partners said in a press release RSG was the first of ten planned investments of $ 1 to $ 2 million each in Southeast Asian esports teams and companies. are on the “frontier of regional growth and innovation”.

PE Company plans to launch a second fund in the future to invest in the burgeoning esports industry in Southeast Asia.

Launched in 2020, the Investment FrontSight Capital Fund seeks to capitalize on the exponential growth potential of esports in the region, where online entertainment and play is driven by adoption and transformation. digital. Funds are co-managed by Managing Partner William Cao and Dennis Liu, and managed by Partner Tembusu.

“We launched the fund because we saw enormous potential in the esports sector of Southeast Asia, where it is uniquely positioned for exponential growth. This fund, in line with our argumentative approach to investing in disruptive technology and innovation-driven trends in key focus areas including consumer services, serves as a Strategic platform for international investors exploring the development of esports in Andy Lim, Founder and President of Tembusu Partners, noted.

Also read: Who is driving esports and games in Southeast Asia: Gamers or fans?

“Tembusu will continue to explore similar strategic investments in the region’s esports sector through this fund, thereby paving the way for more to participate in this rapidly growing industry. , ”He added.

Founded in 2017, RSG is a professional esports organization operating across Southeast Asia that aims to engage audiences in gaming through esports teams and content creators. Its esports teams specialize in notable games like Mobile Legends, PUBG, Call of Duty and Warcraft, and have entered more than 200 collective leagues.

Based on its presence in Singapore, Malaysia and Vietnam, RSG is in the process of expanding its region into emerging markets. The organization also plans to compete in more games and reach 150 million gaming audience in Southeast Asia by 2021.

“While the US and China currently lead the global gaming industry, Southeast Asia’s growth journey for esports is just beginning. Across Southeast Asia, we see many young and under-exploited esports organizations that are well positioned to expand regionally and globally, ”said Cao.

Also read: EVOS raised $ 12 million in Series B to accelerate the growth of its esports platform

“As we scale and diversify our offerings to other aspects of the game market, RSG will take a sustainable growth approach to invest in new, open technologies. Extensive our activities in the region and prepare our talented team, ”Jayf Soh, Founder and CEO of RSG.

Southeast Asia holds the largest revenue in the global gaming market and nearly two-thirds of the gaming population in Southeast Asia expands into esports. According to the market research company Newzoo, esports revenue in Southeast Asia is expected to grow at a CAGR of 24% between 2018 and 2023, one of the highest globally.

In addition, the size of the game market in the region is also expected to reach a CAGR of 8.5% over the forecast period from 2021 to 2026.

Join us e27 Telegram group, FB community or like e27 Facebook page

Image credit: Tembusu Partners

Posts Tembusu Partners’ esports fund invests US $ 1 million into Singapore’s RSG appears first on e27.

RELATED ARTICLES

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Most Popular

Recent Comments