VSPN announces ‘multi-million’ funding round – Esports Insider

VSPN announces ‘multi-million’ funding round – Esports Insider

Chinese esports solutions provider Versus Programming Network (VSPN) has announced a ‘multi-million’ Series B2 funding round from an investment fund managed by Morgan Stanley Private Equity Asia (MSPEA).

According to the release, the investment will aid the expansion of VSPN’s overseas business and the development of the company’s esports content matrix, VSPN+. The amount raised during the Series B2 funding round has not been revealed. 

VSPN Series B2 Funding
Credit: VSPN

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This announcement follows VSPN’s acquisitions of Chinese livestream talent agency Famulei and Chinese production company Banana Culture Gaming and Media. Moreover the firm also secured $60m during its Series B+ investment round earlier this year.

Dino Ying, VSPN Founder and CEO, commented: “We are very excited to receive the investment from MSPEA and complete the Series B2 funding round.

“Today, esports is the lifestyle and the top trend among the younger generation. We are striving to promote the esports market worldwide and produce more in-depth esports content.

According to Ying, VSPN plans to develop its global businesses by producing professional esports tournaments abroad, formalising professional esports league operations, and developing esports infrastructure.

“We are on a mission to promote positive youth culture and light up the world with esports,” he added.

Last year, VSPN secured ‘close to’ $100m in investment,