British Esports organisation EXCEL ESPORTS has completed a €20m (~£17m) investment round to fund its expansion and new headquarters.
The round, which was first reported by Sky News, was led by investment firm JRJ Group. The company previously acquired a majority shareholding in EXCEL in 2018 alongside TOMS Capital LLC.
Esports Insider contacted EXCEL ESPORTS following this news, with the organisation confirming the investment.
According to a release sent by EXCEL ESPORTS, the funding will be used to help the organisation improve its infrastructure, this includes its new London headquarters, launching ‘operations into new territories’, and developing its digital platform XL.