British Esports organisation EXCEL ESPORTS has completed a €20m (~£17m) investment round to fund its expansion and new headquarters.
The round, which was first reported by Sky News, was led by investment firm JRJ Group. The company previously acquired a majority shareholding in EXCEL in 2018 alongside TOMS Capital LLC.
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According to a release sent by EXCEL ESPORTS, the funding will be used to help the organisation improve its infrastructure, this includes its new London headquarters, launching ‘operations into new territories’, and developing its digital platform XL.gg.
IPGL Ltd, the family office of Michael Spencer; the family office of Alan Howard; and international private equity firm TNF Investments, have also become new investors in the organisation.
EXCEL’s headquarters in Shoreditch, London is expected to open this Summer. The HQ is expected to become a ‘central hub’ for the organisation’s business operations and will be used for talent streams and content production, as well as partner and media events. In addition, the facility will also be the home