EXCEL ESPORTS, a British e-sports franchise competing in League of Legends, Fortnite and VALORANT, today announced that it has secured €20m in new equity capital.
This financing round was led by investment firm JRJ Group. TNF participated in the round alongside investors such as TOMS CAPITAL LLC (Noam Gottesman), IPGL Ltd (Michael Spencer) and Alan Howard. In addition to the investment, TNF Partner Francisco Arcilla has joined Excel’s Board of Directors.
EXCEL has rapidly grown into a top name in competitive gaming, most notably as a founding partner of the League of Legends European Championship and more recently as the subject of a BBC Documentary. EXCEL’s unique position in British and European esports forms the foundation of a strategy that has enabled management to build a franchise capable of attracting partners such as BT, HyperX, Sony, Chupa Chups and Beyond NRG, under the leadership of CEO wouter sleijffers.
Francisco Arcilla, Managing Partner at TNF said, “This is TNF ‘s first investment in e-sports and we could not be more excited. EXCEL ESPORTS is the most vibrant gaming brand in the UK and a rising force on the European and global scenes. This investment is the perfect addition to our unique ecosystem and we look forward to supporting the team for years to come.”