As part of the deal, Sang-Ho Park, executive director at Korea Investment Partners, will join the company’s board of directors.
As the countries we are operating in are still largely untapped, we intend to maximize this opportunity and are well-positioned to launch the region’s first-ever esports platform.
Ivan Yeo, EVOS Esports CEO
EVOS Esports, formerly known as Zero Latitude, is a professional esports organisation based in Jakarta, Indonesia. It operates in five Southeast Asian countries: Indonesia, Vietnam, Thailand, Singapore, and Malaysia. EVOS Esports says it has as many as 80 esports players, divided into 13 teams across the five nations. Singapore-headquartered Attention Holdings, the parent company of EVOS Esports, announced that it has raised a $12m USD.
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.
Sang-Ho Park, Executive Director at Korea Investment Partners
The Series B investment round was led by Korea Investment Partners, with contributions from existing investor Insignia Ventures Partners, and new investors Mirae Asset Ventures, Woowa Brothers, and Indogen Capital. The financing also saw the participation from several family offices across Southeast Asia and Japan.
EVOS has previously raised $4.4 million in its Series A round, led by Insignia Venture Partners with the participation of Indogen Capital, in November 2019. The company reporting that its revenue from live streaming has doubled since the top of the year and it plans to strengthen its core businesses by helping players enhance skills as well as promoting merchandise and membership program in those markets.
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