Thai E-Sport Startup, Infofed Secures Pre-Series A Funding.
Thai Startup Infofed, an e-sports startup and owner of Thailand E-Sports Arena, has secured an undisclosed amount in pre-Series A round of equity funding from Japanese gaming community GameWith.
Thailand E-Sports Arena provides a one-stop service for game providers, consumer brands, and e-sports communities
The Thai startup will use the proceeds to expand its coverage in Southeast Asia. The firm plans to enter Myanmar, Laos, and Cambodia in 2020.
Jirayod Theppipit, Founder and CEO of Infofed told Thailand Startup
News via a phone interview, “There is a huge untapped potential for the e-sports industry in Southeast Asia. The investment from GameWith will help us to establish a stronghold in this region by creating a proper ecosystem for e-sports lovers.”
He also commented that the partnership with GameWith will help them to establish a stronghold in Southeast Asia. “Following this round, we expect to roll out several eSports collaborations that will enhance our position as an industry leader, as well as create 10,000 industry-related jobs for the digital-savvy generation in this region by 2025,” Jirayod added.
Infofed is an e-sports company with both online and offline platforms. Under the cross-platform, it provides a one-stop service for game providers, consumer brands, and e-sports communities. The Infofed ecosystem consists of an e-sports arena, an AI-driven online tournament management platform, an e-sport production and event organiser, and an e-sports streamers and influencers development business.
Prior to this funding, Infofed closed its seed funding round in 2018. The company has been investing over USD 1.6 million into the Infofed ecosystem including e-sport production and event organization, and into a division for e-sport streamers and influencers management.
Listed on Tokyo Stock Exchange, GameWith operates a media business, offering game guides, game reviews, community function, and video streaming. Established in June 2013, GameWith acts as an intermediary between players and game companies.