British esports group EXCEL ESPORTS introduced that it has accomplished a £17 million GBP ($23.4 million USD) financing spherical led by funding agency JRJ Group, which first acquired a majority shareholding in 2018 alongside TOMS Capital, the household workplace of Noam Gottesman. Additional buyers that participated within the spherical included IPGL (the household workplace of Michael Spencer), the household workplace of Alan Howard, and the worldwide personal fairness agency TNF Investments.
EXCEL revealed that it’ll use the funding proceeds to proceed rising its expertise lineup and increasing into extra esports titles. Moreover, the group “will additional bolster its infrastructure, launching its operations into new territories and growing their digital platform XL.gg to develop into an modern vacation spot for the neighborhood.”
Moreover, EXCEL introduced that it’ll open its new headquarters in Shoreditch, London this Summer season. The brand new headquarter will be residence to the group’s workforce and shall be used for expertise streams, content material manufacturing and neighborhood, companion, and media occasions. As well as, EXCEL will proceed to function its coaching amenities within the Twickenham Stadium and Berlin.
As a part of the announcement, EXCEL additionally shared that its “revenues greater than tripled in 2020 following their first 12 months within the League of Legends European Championship (LEC).”