- Southeast Asian team EVOS Esports close Series A funding round after raising $3.8M USD.
- The identity of investors are yet to be revealed, only that one is a “prominent” Singapore VC.
- Funds will be used to expand into new regions while also investing in support personnel and training facilities.
EVOS Esports, an esports organization based in Indonesia, has announced the closing of its Series A funding round, raising $3.8M. EVOS did not publicly reveal the names of investors, only sharing that they include an Indonesian company and a prominent Singaporean VC.
The funding will be used to expand its operation throughout Southeast Asia with plans to operate teams in India, Philippines, Malaysia, and Taiwan. EVOS also plans to strengthen its infrastructure by hiring more support staff, including a psychologist, and improving its training facilities.
“With the rise of mobile gaming and esports as an avenue for youth entertainment, EVOS is dedicated to building out the infrastructure needed to cater to professional players and content creators in the (SEA) region,” said Ivan Yeo, CEO of EVOS.
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EVOS currently fields teams in nine different competitive titles while also managing several content creators including ‘Jess No Limit,’ who alone has over 5M subscribers on YouTube. The team has also put a notable effort into developing its social media platforms and became the first esports team in Southeast Asian to reach 1M Instagram followers.
EVOS currently has a diverse group of sponsors including Lenovo and Nimo TV, along with non-endemic Indonesian brands Gojek and Traveloka. When asked to clarify why the investors’ identities were kept private, Yeo told The Esports Observer that more information would be released along with other announcements in the near future.
