Attention Holdings, the parent company of Southeast Asian organisation EVOS Esports, has raised $12M in its Series B round.
The round eas led by Korea Investment Partners with participation from existing shareholder Insignia Ventures Partners and newcomers Mirae Asset Ventures, Woowa Brothers, and Indogen Capital.
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Sang-Ho Park, Executive Director of Korea Investment Partners, spoke on the decision to invest: “Esports is currently one of the fastest growing industries, and ATTN has managed to establish themselves as the most advanced esports platform across Asia. Ivan and his team have shown us that they have a clear roadmap moving forward and that we believe they are on track to building the largest esports ecosystem in Asia.”
EVOS Esports claims to be the sixth-largest esports brand globally in a release, with Attention Holdings also reporting that its revenue from live streaming has doubled since the top of the year. The organisation has been busy in the past few months, establishing partnerships with Visa, Armaggeddon, and Lazada Indonesia.
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Ivan Yeo, CEO of Attention Holdings, commented: “Korea Investments Partners are the leading investors in the esports and gaming space, and we are excited that they have decided to join us on our journey. With their global portfolio and in-depth experience in this industry, we believe that we have secured the right partners to bring our company to the next level.
“Global esports revenue is projected to grow at 15% CAGR, with our region showing the highest growth rate at 24% CAGR. As the countries we are operating in are still largely untapped, we intend to maximise this opportunity and are well positioned to launch the region’s first ever esports platform.”
Esports Insider says: EVOS Esports has proven itself to be a leader in its market and having significant capital behind it will help with continued growth and investment in what it deems to be key areas. It’s good to see organisations outside of the typical areas – Europe, North America, and China – receiving such attention and investment.