Singapore esports player Ampverse raises $12M Series A funding led by Falcon Capital

Singapore esports player Ampverse on Tuesday announced its $12M Series A fund raise, the largest to date of any esports organisation in Southeast Asia.

The round was led by global investment fund Falcon Capital, whose portfolio includes leading technology and entertainment companies, including soon to initial public offering (IPO) Triller—an international social video platform, Ampverse said in a statement.

The round also included follow-on investment from both Singaporean fund Vulpes and Gandel Invest, both of whom participated in prior Ampverse rounds.

A slew of investors include Rob Gilby, former Disney SEA Managing Director, David NG, Chief Executive Officer of GoGame, Michael Patent, Chief Executive Officer of Culture Group, Marcus John, former Vice President of Lagadere and Wolfpack Fund—founded by former IMG and Group M executives, also participated in the round.

The new funds raised will allow expansion into the Indonesian and the Philippine markets, further esports team acquisitions and are earmarked to scale Ampverse’s play-to-earn business unit. This includes acquiring play-to-earn guilds as Ampverse dynamically moves into the play to earn (P2E) space to complement its existing esports IP pillar.

“Ampverse has witnessed tremendous growth over the last twelve months, with 125 percent revenue growth and expansion into the Vietnamese and Indian markets, while also strengthening our esports assets portfolio. We will utilise these funds to move forward to solidify our position within Southeast Asia by continuing our expansion into Indonesia and the Philippines. We are also thrilled to continue scaling our esports and new play-to-earn business unit through further merger and acquisition (M&A),” said Ferdinand Gutierrez, Chief Executive Officer of Ampverse.

Founded in 2019, Ampverse’s portfolio includes owning some of the world’s best esports teams, influential gaming talent, P2E guilds, and a series of experiential-driven products and gaming collectibles. It has worked with clients including Disney, Samsung, McDonalds, Nestle, Lazada and Porsche.

“Falcon is ecstatic to lead the Ampverse Series A round together with Vulpes and Gandel Invest and to join earlier leading investors from the esports, media and entertainment sectors. The growth that the Ampverse team have delivered in a short period is monumental. With their continued esports M&A strategy and play-to-earn vision, we know that the future is bright for Ampverse,” said Falcon Chief Executive Officer Wil Rondini.

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