- 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