News

$26 million investment turns Super Evil's attentions to eSports in Asia

Date Type Companies involved Size
August 10th, 2015 investment Giant Interactive Group
Index Ventures
Super Evil Megacorp
$28m
$26 million investment turns Super Evil's attentions to eSports in Asia

The masterminds behind Vainglory, Super Evil Megacorp, have raked in $26 million in funding.

The gargantuan cash injection was led by Index Ventures and supported by Russian investor Yuri Milner, Jim Breyer of Breyer Capital, and Korea Investment Partners.

With such a large sum in the bank, the funding is a sign that Super Evil Megacorp is on the right track with its plans to bring hardcore eSports games to mobile - something recently discussed by our Monetiser Mavens group.

Sporty pivot

The Californian company announced the news on its blog, alongside two other major developments including a new Vainglory International Premier League tournament, and major partnerships with China’s Giant Interactive and Korea’s OnGamesNet.

“Today, we’re announcing three major news items that all mark important steps forward on our journey of growing the global Vainglory community and Super Evil Megacorp as a company,” wrote Kristian Segerstrale, chief operating officer of Super Evil Megacorp.

With regards to the $26 million investment, Segerstrale said the funding would be used to “continue to build incredible core gaming experiences on touch screens, and to pursue our dream of evolving Vainglory into what we hope will be the world’s first mass-market esport.”

He added, “while the $26M number is pretty cool, fundraising is actually mostly not about the money, contrary to what people think.

"Fundraising is about choosing amazing partners to help you grow as a company. We couldn’t be more excited about the new expanded international team around Super Evil."


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