Singapore — Singapore-headquartered Esports company Ampverse has announced its US$12m Series A fundraise. The round was led by investment fund Falcon Capital and included follow-on investment from both Singaporean fund Vulpes and Gandel Invest, both of whom participated in prior Ampverse rounds.
The fresh funding will allow Ampverse to expand into the Indonesian and the Philippine markets, further esports team acquisitions and are earmarked to scale Ampverse’s play-to-earn business unit. This includes acquiring play-to-earn guilds as the esports company dynamically moves into the P2E space to complement its existing esports IP pillar.
New Series A investors join a list of distinguished strategic investors from the worlds of gaming, media, sports and esports. These include Rob Gilby, former Disney SEA MD, David NG, CEO GoGame, Michael Patent, CEO Culture Group, Marcus John, former VP Lagadere and Wolfpack Fund—founded by former IMG and Group M executives.
Wil Rondini, CEO of Falcon Capital, said, “Falcon is ecstatic to lead the Ampverse Series A round together with Vulpes and Gandel Invest and to join earlier leading investors from the esports, media and entertainment sectors. The growth that the Ampverse team have delivered in a short period is monumental. With their continued esports M&A strategy and play-to-earn vision, we know that the future is bright for Ampverse.”
Ferdinand Gutierrez, CEO of Ampverse, commented that Ampverse has witnessed tremendous growth over the last twelve months, with 125 per cent revenue growth and expansion into the Vietnamese and Indian markets, while also strengthening our esports assets portfolio.
“We will utilise these funds to move forward to solidify our position within Southeast Asia by continuing our expansion into Indonesia and the Philippines. We are also thrilled to continue scaling our esports and new play-to-earn business unit through further M&A,” Gutierrez said.