Tier One Entertainment, a Philippines-based esports and gaming startup has announced Warner Music Group and Gobi Partners have joined in its pre-series A funding round.
Gobi Partners led the round through its Gobi-Core Philippine Fund, a joint venture fund with Core Capital.
Other investors include Octava, a Singapore-based family office, Kayac Inc., a Japan-based internet company, and Tier One Entertainment’s early-stage investor Atlas Ventures.
Tier One will use the funding to set up local operations in other Asian countries. At present, the organization is currently operating in Malaysia, Myanmar, and the Philippines. The funding will also be utilized for hiring back-end teams to support its talent and expand its operations within Blacklist International, Tier One’s esports team.
“The gaming industry is going through a golden age and this funding will help accelerate our growth by allowing us to replicate our success in other markets,” said Tryke Gutierrez, Founder, and CEO of Tier One Entertainment.
Beside esports veteran Tryke Guttierez, cosplay and gamer Alodia Gosiengfiao, and entrepreneur Brian Lim co-founded Tier One Entertainment in 2017.
The company has grown into a gaming and esports entertainment provider that claims to house 420 talents which started out as a professional talent agency. It has now a cumulative reach of 100.9 million users on Facebook, 23.5 million users on YouTube, 11.8 million users on Instagram, and 9.1 million users on TikTok.
The company has worked with brands such as Razer, Facebook Gaming, Ace Saatchi & Saatchi, Unilever, Foodpanda, Grab, and Uniqlo, among others.