Singapore-based start-up EVOS Esports, formerly known as Zero Latitude, is targeting to clock 1 billion monthly views after raising a total $4.4 million Series A round, said its CEO and co-founder Ivan Yeo.
This target will be achieved as EVOS plans to grow its e-sports entertainment arm with the new corpus raised, said Yeo. The company currently manages 50 gaming influencers exclusively and partners with another 250 e-sports talents. The e-sports influencers form the pillar of live-streaming and content platforms.
Following its initial close of Series A round earlier this year, wherein had it raised $3 million from Insignia Venture Partners, EVOS Esports raised an additional amount of $1.4 million from four other investors.
“It was actually an expansion round where we raised an additional $1.4 million to accommodate more investor interest,” Yeo told DealStreetAsia. “As the company is already profitable, we will only do our fundraise when we are ready for our next growth spurt,” he added.
Even as names of the investors could not be ascertained, those involved in the current round of transaction include angel investors from leading conglomerates in Indonesia and top-level management of a leading e-commerce player in China.
Going forward, EVOS plans to focus on strengthening its operations in its core markets, even as it is slated to announce its future expansion plans next year.
Founded in 2017, EVOS houses competitive e-sports teams across six major games. It operates in five countries, where it trains and supports 13 teams comprising 62 players. Three teams from EVOS are set to represent Singapore and Indonesia in the upcoming Southeast Asian Games.
It provides streaming contracts, brand endorsement deals and offline event gigs to influencers who have two million followers on their social media. The company also manages their social media channels and create content for them.
EVOS has worked with more than 40 brands, including Lazada, Gareno and Lenovo, to create e-sports content on the brands’ platforms, such as e-sports game shows and online user tournaments with professional players. EVOS has a headcount of 120 employees, of which 100 are based in Indonesia.