U.K.-based esports organization Excel Esports has secured €20 million in new equity capital led by entities such as investment firm JRJ Group and international private equity firm TNF Investments, it announced today.
With this new investment, Excel will look to grow its roster of current talent while finding more esports to expand into. The team is most well-known for its two professional League of Legends rosters in the LEC and NLC but also competes in VALORANT and Fortnite.
Excel also revealed that it will be opening its new main headquarters in Shoreditch, London this summer. The building will become the hub for team business operations, talent streams, content production, and other events within the organization. The team’s workforce will also be growing, with more hires across commercial, creative, content, and marketing departments. Overall, this new funding should help Excel grow as an esports brand across both Britain and the globe.
“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,” Excel CEO Wouter Sleijffers said. “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.”
At the moment, Excel’s LEC roster is in seventh place with a 2-5 record. The current roster that the team assembled for the 2021 Summer Split was also heavily criticized, but the org’s management recently made some big roster moves that could shake up the rest of the season for this middling team.
You can catch Excel in action when the LEC continues today at 11am CT.
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Published: Jul 2, 2021 09:36 am