Singapore's RSG secures US$1M investment from Tembusu Partners

·2 min read
RSG leadership team (Photo: RSG)
RSG leadership team (Photo: RSG)

Boutique private equity investment firm Tembusu Partners announced on Thursday (15 April) that its FrontSight Capital Fund has made its maiden investment of US$1 million into Singapore-based esports organisation RSG.

The investment will be used to support RSG’s strategy to strengthen capabilities, expand RSG's regional talent pool, and extend market reach "to better engage the gaming community and improve fan experiences".

It is the first of up to ten planned investments, each expected at US$1 to US$2 million, to invest in Southeast Asian esports teams and companies that "are at the frontier of growth and innovation in the region", Tembusu said in a press release.

“RSG is honoured to have the support of strategic investors who believe in our vision, recognise our track record and amplify our steady growth as a leading player in Southeast Asia," said RSG founder and CEO Jayf Soh in a statement.

"As we scale up and diversify our offerings to other aspects of the gaming market, RSG will take a sustainable growth approach to invest in new technologies, expand our operations regionally, and groom the talent pool. We are excited about this new milestone, as we gear up to put RSG on the global map of esports in the near future,” Soh added.

Andy Lim, founder and chairman of Tembusu Partners, said the company launched "the FrontSight Capital Fund as we recognised the immense potential in Southeast Asia’s esports sector, which is uniquely positioned for exponential growth".

"Looking ahead, we will make it our goal to support RSG’s leadership in the frontier of today’s market, and will continue to keep an eye on similar strategic investments into suitable esports organisations to reap synergistic benefits for all stakeholders,” added William Cao, the managing partner at Frontsight Capital.

The FrontSight Capital Fund, launched in late 2020, invests in emerging esports companies in Southeast Asia, "seeking to leverage the exponential growth potential of esports in the region".

RSG, which rebranded from Resurgence last year, operates esports teams across the Southeast Asian region in games like Mobile Legends, PUBG and Call of Duty.

For more esports news updates, visit https://yhoo.it/YahooEsportsSEA and check out Yahoo Esports Southeast Asia’s Facebook page.

Check out esports videos from Yahoo TV: