EVOS Esports bags $12m in Series B round led by Korea Investment Partners

EVOS player in the tournament (source : EVOS documentation)

Singapore-headquartered Attention Holdings Pte.Ltd (ATTN), the parent company of EVOS Esports has secured $12 million in a Series B investment round led by Korean Investment Partners, according to a company release.

The financing also saw the participation from Mirae Asset Ventures, Woowa Brothers, Indogen Capital, Mandiri Investment Management Singapore, PT Surya Semesta Internusa Tbk as well as several family offices across Southeast Asia and Japan.

Existing investor Insignia Ventures Partners also joined the round. EVOS raised $4.4 million in its Series A round, led by Insignia Venture Partners with the participation of Indogen Capital, in November 2019.

As part of the latest deal, Korea Investment Partners executive director Sang-Ho Park will join the company’s board of directors.

“Esports is currently one of the fastest-growing industries, and ATTN has managed to establish itself as the most advanced esports platform across Asia. Ivan and his team have shown us that they have a clear roadmap moving forward and we believe they are on track to building the largest esports ecosystem in Asia,” Park said in the company release.

The company claimed that its revenue from the live streaming arm doubled since the start of 2020
and continues to peak month after month. The company also said, its overall revenue surpassed 2019
levels despite the pandemic outbreak.

ATTN chief executive officer and co-founder Ivan Yeo said, “global esports revenue is projected to grow at 15 per cent CAGR with our region showing the highest growth rate at 24 per cent 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”.

EVOS Esports operates in five SE Asian countries including Indonesia, Vietnam, Thailand, Singapore, and Malaysia. EVOS Esports claims to have as many as 80 e-sports players, divided into 13 teams across these five countries, per our earlier report. It plans to strengthen its core businesses by helping players enhance skills,  promoting merchandise and membership programme in these regions.

Singapore Reporter/s

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Following vacancies can be applied for (only in Singapore).   

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Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.