TechFlow news, Singapore-based esports startup Ampverse has raised $12 million in a Series A funding round led by Falcon Capital. The new funds will be used to expand into Indonesia and the Philippines, acquire more esports teams, and grow Ampverse's gaming revenue division.
Founded in 2019, Ampverse owns esports brands including Thailand’s Bacon and MiTH; Vietnam’s SBTC Esports and India’s 7Sea. Its play-to-earn (P2E) business allows players to earn rewards by playing games such as Axie Infinity, Townstar, and Spider Tanks, as well as receive training from professional esports players.
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