SG’s EVOS Esports Bags $12m in Series B Round Led by Korea Investment Partners

SG’s EVOS Esports Bags m in Series B Round Led by Korea Investment Partners

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 Korea 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.

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

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.

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.

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