The British gaming organization EXCEL Esports recently announced the company completed a $23.6 million investment round. It is being reported that this funding will be utilized to improve the organization’s infrastructure. The money will also be used to launch a new company headquarters in London.
“Together with our investors, I’m truly excited to be entering the next chapter, building on EXCEL’s legacy and realizing our shared vision for the future of esports and gaming. In a very short space of time, EXCEL has cemented itself at the top of British esports attracting significant support from investors, partners, our ambassador Dele Alli, and all on and off-stage talent,” said Wouter Sleijffers, the CEO of EXCEL. “We now have all the elements in place to aim for more, to go from a household name in UK esports to an internationally recognized, diverse British gaming brand with the ability to derive maximum value from ongoing sector expansion and the growing digitization of consumer behavior.”
This round of investing was reportedly led by the JRJ Group. The JRJ Group previously acquired a majority stake in EXCEL with Toms Capital LLC in 2018.
EXCEL Esports is a UK-based gaming organization that was founded in 2014. The company has teams that compete in popular titles like VALORANT, Fortnite, and League of Legends.