RSG, a SouthEast Asian Esports organization has secured a 1 million USD investment to better grow the Esports and gaming scene in the region.
They received the investment from FrontSight Capital Fund, an esports private equity fund managed by Tembusu Partners. In a statement by RSG, they said they would be using it to “engage the youth audience through esports and gaming content creators, by grooming and expanding the regional talent pool, growing its market reach, and strengthening its capabilities with new technologies”.
With the new financing, RSG will continue to invest in talent cultivation across the region, with a focus on establishing new training facilities.
The company will widen its regional footprint as it accelerates entry into emerging markets, in line with its target to reach 150 million gaming audience in Southeast Asia by 2021.
Diversifying its offerings to other aspects of gaming and esports, RSG will improve fan experiences and deliver new content by leveraging new technologies, and showcasing made-in-Singapore capabilities to regional and global audiences.
“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. Looking ahead, we will make it our goal to support RSG’s leadership in the frontier of today’s market, and will continue to keep an eye on similar strategic investments into suitable esports organisations to reap synergistic benefits for all stakeholders”, says William Cao, Managing Partner at FrontSight Capital.