Tier One Secures Funding

Esports talent agency and entertainment firm Tier One Entertainment announced on Thursday, April 29, it secured pre-Series A financing to further its growth.

The round was led by international VC (venture capital) firm Gobi Partners through its Gobi-Core Philippine Fund, a joint venture with the Philippines’ Core Capital. American multinational entertainment firm Warner Music Group also joined the round. Other investors in the round include Singapore-based Octava, Japan’s KAYAC Inc, and Atlas Ventures, an early stage investor for Tier One headquartered in the US.

Tier One says the financing will be specifically used to hire back-end teams to support their talents, and to expand the operations of its esports team, Blacklist International.

Tier One, in a separate announcement, also said that it will soon start a project called The Gaming House, a reality show-like program where 10 gaming influencer hopefuls will have the chance to be a Tier One talent.

To know more about this news, check out: https://www.rappler.com/technology/esports-tier-one-pre-series-a-funding