Southeast Asian gaming and esports organization Tier One Entertainment recently announced it raised an undisclosed amount of financing during its Pre-Series A round of funding. The round was led by Gobi Partners through the Gobi-Core Philippine Fund, a joint venture with Core Capital. Warner Music Group also joined the round as part of a strategic investment in the region.
“The gaming industry is going through a golden age and this funding will help accelerate our growth by allowing us to replicate our success in other markets,” said Tryke Gutierrez, the CEO of Tier One Entertainment. “In just a few years of operations, we’ve found a winning formula in esports and gaming by developing a robust business model around top-tier content creation and authentic distribution. We firmly believe that we are an Asian behemoth in the making and now that we have more support from established venture capital firms around the globe, Tier One Entertainment is now poised for explosive growth.”
This influx of money will help Tier One Entertainment continue operations in Malaysia, Myanmar, and the Phillippines. Furthermore, the funds will help Tier One expand and grow into other Asian markets.
Tier One Entertainment was started as a professional talent agency in Singapore. The organization houses 420 content creators that have combined for over 23.5 million views on Youtube and more than 9.9 million views on Tik Tok.
(All information was provided by Tier One Entertainment)