Southeast Asian and Singapore esports sector favoured by investors due to surge in gamers and Covid-19
As the number of gamers in Southeast Asia surges, further accelerated by Covid-19, investors increasingly favour the regional and local esports sectors.
Tembusu Partners’ FrontSight Capital Fund has recently completed its first investment of US$ 1 million into SEA esports Organisation, RSG.
Launched in 2020, the fund invests in emerging esports companies in Southeast Asia. The Fund’s Managing Partner Mr William Cao said in an interview with Lianhe Zaobao that the fund’s investment scope also includes related businesses in the industry such as competition organisers, game development companies, esports tourism, business culture, etc.
The fund will make up to ten investments, each ranging from US$1-2 million.
Mr William Cao notes that while the US and China now lead the global gaming industry, the growth journey for Southeast Asia’s esports sector has only just begun, and that across Southeast Asia, there are many young and emerging esports organisations that are well-positioned to expand regionally and globally.
Read more at Zaobao.com here. (CN only)