The Esports Players League introduced at this time that it has completed a seed spherical price $1 million. Venture capital agency 500 Startups lead the spherical.

Esports Players League wouldn’t disclose how a lot 500 Startups contributed, however didn’t that it’s a “significant portion” of the $1 million whole. This $1 million in funding will assist ESPL launch its first tournaments. The firm’s first season will run from April to November 2020. Its headquarters is in Singapore.

Esports Players League is a brand new esports match and platform firm. It plans to have a world footprint in 16 international locations. While many esports organizations like ESL deal with PC and console, ESPL will dedicate a lot of its power to cellular.

Esports are a hotbed for investments. Earlier this 12 months, ProGuides raised $5 million for its aggressive gaming teaching platform.

“Through ESPL’s national franchise model, up-and-coming esports talents can easily participate in global competitions,” EPL notes in a press launch despatched to GamesBeat. “By facilitating grassroots participation in what is a rapidly expanding market, ESPL has direct access and exposure to a large, valuable, and often overlooked segment of the esports industry.”

Esports Players League secures $1 million, 500 Startups leads investment