FrontSight Capital Fund, an esports private equity fund managed by Singaporean firm Tembusu Partners, has announced an investment of $1m (∼£725,415) into Singaporean esports organisation RSG.
The funding will be used to continue RSG’s investment in local talent cultivation, along with a new focus to establish brand-new training facilities for its teams. The organisation currently fields teams across a number of titles including Mobile Legends: Bang Bang, League of Legends: Wild Rift, and Street Fighter.
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According to the release, FrontSight Capital Fund’s funding is said to be the first of up to ten planned investments ranging from $1m to $2m (~£1.45m). All investments are expected to be with other Southeast Asian esports teams and companies in a bid to grow the region’s scene.
William Cao, Managing Partner at FrontSight Capital, spoke on the funding in a release: “While the US and China currently lead the global gaming industry, the growth journey for Southeast Asia’s esports sector has only just begun and we are proud to be one of the first movers supporting the local esports industry. Across Southeast Asia, we see many young and untapped esports organisations that are well-positioned to expand regionally and globally.
“RSG is an example of such a company, with the right drive and ambition, coupled with a clear roadmap towards becoming one of the largest esports organisations in Southeast Asia.”
Since launching in 2017, RSG has won multiple championships across a range of titles. This includes being victorious in League of Legends: Wild Rift’s SEA Icon Series: Preseason Vietnam tournament held in February. Over the past four years, the organisation has inked partnerships with the likes of Secretlab, Malaysian mobile phone network Yoodo, and most recently Pizza Hut Singapore.
Jayf Soh, Founder and Chief Executive Officer at RSG, also commented: “RSG is honoured to have the support of strategic investors who believe in our vision, recognise our track record and amplify our steady growth as a leading player in Southeast Asia. We remain committed to uplift esports in the region through competitive and community excellence and be a credible bridge for brands and investors to engage with the esports market.
“As we scale up and diversify our offerings to other aspects of the gaming market, RSG will take a sustainable growth approach to invest in new technologies, expand our operations regionally, and groom the talent pool. We are excited about this new milestone, as we gear up to put RSG on the global map of esports in the near future.”
Esports Insider says: Esports in Southeast Asia is tipped for significant growth in the coming years and this fund looks to accelerate that growth, which is certainly a huge step forward. For RSG, the funding acquired will enable the organisation to focus on significant expansion as it looks to strengthen its position in the region.