- Mineski Global raises over $10.6 million in a Series A funding round
- The company wants to use the newly acquired capital to expand into new markets
- Top company officials share their thoughts on the deal
The Philippine-based esports organization Mineski Global raises over $10.6 million in a Serie A funding round with the aid of Exacta Capital Partners. Southeast Asia-focused M&A advisory firm Rocket Equities advised the deal.
The Deal and Mineski Global
Mineski Global is an esports and gaming organization in Southeast Asia (SEA), owned by TEG Holding Pte. Ltd. Recently, they announced a $10.6-million Series A funding round led by Exacta Capital Partners. The New York-based Endeavor Catalyst also participated in the deal. Rocket Equities, a Southeast Asia M&A advisory firm, helped mediate the funding round.
Mineski Global started as a college DOTA team but over the past two decades, it has grown significantly, now offering a variety of services to companies and gamers which include original tournaments and esports leagues, casual and competitive mobile gaming platforms, and esports marketing campaigns.
The company said that it wants to use the newly acquired capital to grow its gamification technology portfolio and broaden its reach in Southeast Asia. Although based in the Philippines, the company also has a substantial presence in Thailand and Indonesia, both of which have seen a large increase in mobile gaming, both casual and competitive, over the last few years.
Mineski Global has also worked with world-famous gaming brands like Razor, Riot Games, the developer of League of Legends and Valorant, as well as Tencent – the Chinese mobile gaming giant.
Company Official Share Their Thoughts
Chairman, Founder, and CEO of Mineski Global Ronald Robinson K. Robins said that the company has always had a trailblazing spirit. He said that with the global rise of esports this is the right time to invest in the future.
“As we evolve and continue to disrupt the esports and gaming industry, we’re unlocking opportunities for brands and gamers alike, defining new ways of engagement and entertainment. We are grateful to have the support of institutional investors in fueling our explosive growth,” he added.
Other companies involved in the deal also had positive things to say. Exacta Capital Partners’ Director of Mizuho Asia Partners Pte. Ltd., Vincent Yang, said that it is excited to invest in Mineski Global as it is well-positioned to create and capture value in the esports scene. He added that his company believes in Mineski Global’s experience and track record and in the founders’ ideas to expand esports via new media formats, such as Mineski Games and GG Trucks.