Tier One Entertainment funding
Tier One Entertainment, the gaming and esports entertainment leader in Southeast Asia, has raised funds in its recent Pre-series A round. The amount of the funding remains undisclosed.
The round was led by Gobi Partners via its Gobi-Core Philippine Fund, a joint-venture fund with Core Capital. Additionally, Warner Music Group joined the round as part of their strategic investments in the area.
Gobi Partners is one of the oldest venture capital firms with a Pan-Asian presence across North Asia, South Asia, and ASEAN, with more than US$1.2 billion in assets under management (AUM).
Octava, a Singapore-based family office, KAYAC Inc, a Japan-based internet company, and Tier One Entertainment’s early-stage investor, Atlas Ventures have also participated in this round. Tier One Entertainment began as a professional talent agency and is now the largest gaming and esports entertainment provider in Southeast Asia, having 420 talents with an aggregate reach of 100.9 Million on Facebook, 23.5 Million on Youtube, 11.8 Million on Instagram, and 9.1 Million on Tiktok.
The freshly raised funds will fuel Tier One Entertainment, presently operational in Malaysia, Myanmar, and the Philippines, to establish local operations in other Asian countries.
Commenting on the development, Tryke Gutierrez, Founder, and CEO, Tier One Entertainment, said, “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. 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.”
Tier One Entertainment was established in 2017 by esports veteran Tryke Gutierrez, cosplay and gaming superstar Alodia Gosiengfiao and seasoned entrepreneur Brian Lim. Collectively, they tried to transform Southeast Asia’s esports landscape, lending their expertise in designing winning formulas to convert their talents into gaming superstars.
Tier One Entertainment is an industry leader and the freshly infused capital would help the company in accomplishing its expansion plans.Shishir Gupta, Founder and CEO, StartupLanes
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