EVOS bags US$ 12M in Series B funding
EVOS bags US$ 12M in Series B funding

Indonesia-based E-sports platform, EVOS has bagged US$ 12M in a Series B funding round held in October 2020. The round was led by Korea Investment Partners along with participation from Mirae Asset Ventures, Woowa Brothers, Indogen Capital, previous investor Insignia Ventures Partners, and several family offices across Southeast Asia and Japan.

Capital raised in the funding round will mainly be used by the startup in the development of its platform.

EVOS Sports

EVOS Esports is owned and run by Singapore-headquartered Attention Holdings. The startup is presently South East Asia’s leading e-sports organization that trains over 15 professional teams across 5 different nations, including Indonesia, Vietnam, Thailand, Singapore, and Malaysia. It claims to have more than 80 e-sports players and aims to fortify its main business by helping players improve their skills, endorse merchandise and membership programs in the above-mentioned regions.

E-sports influencers play a vital role in EVOS’s live-streaming and content platforms. As per its Chief Strategic Officer Ang Teng Jen, its leading influencers earn approximately US$ 30K to US$ 60K per month. So far, it claims to have worked with 400 gaming influencers.


EVOS provides contracts, brand endorsement deals, and offline event performances to its influencers, and also manages their social media channels and creates content for them. The influencers have a total of over 2 million followers on their social media handles with more than 34 million subscribers to their channels. It has, to date, partnered with 150 brands, such as Lazada, Gareno, and Lenovo. It also collaborates with e-commerce brands to generate e-sports content on the brands’ platforms, for example, e-sports game shows and online user contests with professional players. EVOS has evolved to become the 6th largest e-sports brand worldwide and claims it has witnessed a doubling of revenue from its live-streaming arm since the beginning of 2020 which continues to rise month after month. The startup’s overall revenue has exceeded its 2019 figures regardless of the COVID-19 pandemic.

The startup had previously raised US$ 4.4M in a Series A funding round held in 2019, from Insignia and several angel investors.

About Korea Investment Partners

Korea Investment Partners Co. Ltd.
Korea Investment Partners

Korea Investment Partners is a Korea Investment Holdings company, and a prestigious venture capital and private equity company focusing on small- and mid-cap businesses. It has been continually discovering, funding and promoting the growth of talented businesses since its foundation in 1986. KIP has been managing 20 funds totaling a size of over US$ 1.5B. Each year, KIP invests in about 50 companies from Korea, China and the U.S.A.

We try our best to fact check and bring the best, well-researched and non-plagiarized content to you. Please let us know

-if there are any discrepancies in any of our published stories,
-how we can improve,
-what stories you would like us to cover and what information you are looking for, in the comments section below or through our contact form! We look forward to your feedback and thank you for stopping by!

Next Story.

Previous articleStartup Pitch Competitions worth giving a shot
Next articleFood robotics startup YPC Technologies raises 1.8M CAD in seed funding
Aishwarya writes about the startup ecosystem on VCBay. She is a third-year Computer Science engineering student who looks forward to exploring the world of startups and finance.


Please enter your comment!
Please enter your name here