Majority shareholder JRJ Group leads financing round for UK competitive gaming organisation.
- IPGL and TNF Investments among new investors
- New capital to help grow Excel’s talent lineup and expand into more esports titles
UK competitive gaming organisation Excel Esports has completed an investment round of €20 million (US$23.7 million).
The financing round was led by investment firm JRJ Group, which first acquired a majority shareholding in Excel back in 2018 alongside TOMS Capital. Private holding company IPGL and international private equity firm TNF Investments were among the new investors.
The new capital will be used by Excel to continue to grow its talent lineup, as well as expand into more esports titles. The organisation currently has competitive rosters in League of Legends (LoL) and Valorant, in addition to new Fortnite talent due to be revealed soon.
Excel has already set out plans to further bolster its infrastructure by launching into new territories and developing its digital platform XL.gg, which the company says will become ‘an innovative destination for the community’.
Excel will also open its new headquarters in Shoreditch, London this summer, which will become a central hub to its business operations and be used for talent streams, content production and community, partner and media events. It will also be home to its growing workforce.
As well as its investors, Excel counts English soccer star Dele Alli as a global ambassador. The 25-year-old signed a long-term