Singapore-based esports organisation RSG announced on April 15 that it has secured a US$1 million investment from FrontSight Capital Fund, the esports fund managed by private equity firm Tembusu Partners.
The capital will be used to support RSG’s quest to attract more younger viewers, expand its regional talent pool, grow its market reach and strengthen its capabilities.
RSG will focus on establishing new training facilities while targeting to reach 150 million people in Southeast Asia by 2021, the organisation said in a statement. It also aims to diversify within the industry by improving fan experiences and delivering new content through new technologies.
“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,” said FrontSight Capital’s managing partner William Cao.
RSG founder and chief executive Jayf Soh was “honoured” for the support, and believed the investment would help the organisation cement its place as a leading player in Southeast Asia.
“We remain committed to uplift esports through competitive and community excellence and be a credible bridge for brands and investors to engage with this booming market,” he said. “We are excited about this new milestone, as we gear up to put RSG on the global esports map in the near future.”
RSG, formerly known as Resurgence, rebranded in November 2020 and competes in esports titles like Mobile Legends, PUBG and Call of Duty. Its newly-formed League of Legends: Wild Rift team won the SEA Icon Series: Preseason Vietnam tournament, held in February 2021.
