Esports organisation RSG secures US$1mil investment
By Digital News Asia April 20, 2021
- Investment secured from Tembusu-run FrontSight Capital Fund
- Financing to be used for talent cultivation, diversifying esports and gaming aspects
SINGAPORE-based Southeast Asian gaming and esports organisation RSG has secured a US$1 million investment from FrontSight Capital Fund, described as an esports private equity fund managed by Tembusu partners.
In a statement, RSG said the investment will be used to support the organisation’s mission 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.”
RSG will use the new financing to continue investing in talent cultivation across the region, with a focus on establishing new training facilities. The company also intends widen its regional footprint, in line with its target to reach 150 million gaming audience in Southeast Asia by 2021.
RSG additionally plans to diversify to other aspects of gaming and esports, as well as improve fan experiences and delivery new content by leveraging new technologies.
“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,” said William Cao, managing partner at FrontSight Capital.
“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.”
Jayf Soh, founder and chief executive officer (CEO) of RSG, said the financing marks the beginning of a new chapter for the company.
“We are 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 lift esports through competitive and community excellence and be a credible bridge for brands and investors to engage with this booming market. We are excited about this new milestone, as we gear up to put RSG on the global esports map in the near future.”
RSG currently manages teams across Singapore, Malaysia and most recently, Vietnam. Some of their teams are championship winners such as the newly-formed League of Legends: Wild Rift team, which were champions of the SEA Icon Series: Preseason Vietnam tournament held in February 2021, RSH said.
Since its founding in 2017, RSG has more than 50 championship and 80 podium finishes, it claimed.
In addition to competitive gaming, RSG has explored strategic partnerships from both the public and private sectors, including Pizza Hut, Secretlab, LEGION, Yoodo, and *SCAPE.
Following the financing, RSG also announced the appointment of Bobby Sim as its chief operating officer. Sim has close to a decade’s experience in business development and managing esports teams. As part of RSG’s leadership team, he will play an integral role to oversee the business development, strategic planning, and the expansion of the organisation in the region.
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