Chinese esports player VSPN closes $60M Series ...

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. It is the principal tournament organizer and broadcaster for a number of top competitions, partnering with more than 70% of China’s esports tournaments. 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. This funding round will, among other things, be used to branch out VSPN’s overseas esports services. Full story

22 January