Tembusu Partners-backed firm agrees US$1m funding deal with RSG.
- Immense potential in Southeast Asia’s esports sector
- Gamer in Southeast Asia to rise to 186.8 million in next five years
Boutique private equity investment firm Tembusu Partners has invested US$1 million into Singapore-headquartered professional esports organisation RSG, through its FrontSight Capital Fund.
The fund said its investment is the first of up to ten planned investments of between US$1 million and US$2 million in Southeast Asian esports teams and companies.
Launched in late 2020, the FrontSight Capital Fund invests in emerging esports companies in Southeast Asia, seeking to leverage the exponential growth potential of esports in the region. The Fund is jointly managed by FrontSight Capital’s managing partners William Cao and Dennis Liu. The fund manager is Tembusu.
Commenting on the investment Cao said: “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.”
The investment will be used to support RSG’s strategy to strengthen operations, expand the regional talent pool, and extend its market reach. Founded in 2017, RSG operates across Southeast Asia to engage the gaming audience through esports teams and content creators.
The company’s premier esports teams