Singapore-headquartered esports startup Ampverse has raised $12 million in Series A funding led by Falcon Capital. The company says this is the largest Series A raised by an esports organization in Southeast Asia, based on data from PitchBook and other third-party platforms. The round will be used to expand in Indonesia and the Philippines, acquire more esports teams and scale Ampverse’s play-to-earn unit.Â
Founded in 2019, Ampverse’s portfolio includes Thai esports brands Bacon and MiTH; Vietnamese team SBTC Esports and India’s 7Sea. Its play-to-earn business allows players to earn rewards by playing games like Axie Infinity, Townstar and Spider Tanks, and also get training from professional esports players. Ampverse has worked with clients like Disney, Samsung, McDo …
