Singapore, 29 March 2022 – Headquartered in Singapore with offices throughout
Southeast Asia and India, Ampverse today announces its USD 12m Series A fund raise, the largest to date of any esports organisation in Southeast Asia. The Round was led by global investment fund Falcon Capital, whose portfolio includes leading technology and entertainment companies, including soon to IPO Triller—an international social video platform.
The Round also included follow-on investment from both Singaporean fund Vulpes and Gandel Invest, both of whom participated in prior Ampverse rounds.
New Series A investors join a list of distinguished strategic investors from the worlds of gaming, media, sports and esports. These include Rob Gilby, former Disney SEA MD, David NG, CEO GoGame, Michael Patent, CEO Culture Group, Marcus John, former VP Lagadere and Wolfpack Fund—founded by former IMG and Group M executives.
The new funds raised will allow expansion into the Indonesian and the Philippine markets, further esports team acquisitions and are earmarked to scale Ampverse’s play-to-earn business unit. This includes acquiring play-to-earn guilds as Ampverse dynamically moves into the P2E space to complement its existing esports IP pillar.
Falcon CEO Wil Rondini, stated, “Falcon is ecstatic to lead the Ampverse Series A round together with Vulpes and Gandel Invest and to join earlier leading investors from the esports, media and entertainment sectors. The growth that the Ampverse team have delivered in a short period is monumental. With their continued esports M&A strategy and play-to-earn vision, we know that the future is bright for Ampverse”.
Ferdinand Gutierrez, CEO of Ampverse, noted that “Ampverse has witnessed tremendous growth over the last twelve months, with 125% revenue growth and expansion into the Vietnamese and Indian markets, while also strengthening our esports assets portfolio.
We will utilise these funds to move forward to solidify our position within Southeast Asia by continuing our expansion into Indonesia and the Philippines. We are also thrilled to continue scaling our esports and new play-to-earn business unit through further M&A”.
About Ampverse
Ampverse is playing a different game.
Ampverse exists to inspire its community by building innovative IP that gamers simply love. Its portfolio includes owning some of the world’s best esports teams, influential gaming talent, Play-to-Earn (P2E) guilds, and a series of experiential-driven products and gaming collectibles.
It has a blue-chip client base including Disney, Samsung, McDonalds, Nestle, Lazada and Porsche. Ampverse pioneers on a hyper-local, data-driven methodology that helps fuel its relentless drive towards shaping the future of gaming culture. Follow their journey at www.ampverse.com
Disclaimer: This article is submitted to us and handpicked by VC News Network editors to be published. Due diligence has been made, but we do not guarantee the completeness, reliability, or accuracy of the articles. Kindly contact us at hello[at]vcnewsnetwork.com if there are any errors.
