Chinese esports player VSPN closes $60M Series B+ round to boost its international strategy
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Mike Butcher @mikebutcher / 8 hours Esports “total solutions provider” VSPN (Versus Programming Network) has closed a $60 million Series B+ funding round, joined by Prospect Avenue Capital (PAC), Guotai Junan International and Nan Fung Group. VSPN facilitates esports competitions in China, which is a massive industry and has expanded into related areas such as esports venues. […] The “B+” funding round comes only three months after the company raised around $100 million in a Series B funding round, led by Tencent Holdings. […] Tencent leads $100M Series B funding round into China-based esport provider VSPN Dino Ying, founder and CEO of VSPN, said in a statement: “The esports industry is through its nascent phase and is entering a new era. In this coming year, we at VSPN look forward to showcasing diversified esports products and content… […] Meng Gao, managing director at Nan Fung Group’s CEO’s office said: “Nan Fung is honored to be a part of this round of investment for VSPN in strengthening their current business model and promoting the rapid development of emerging services and the esports streaming ecosystem.”
