Tier One Entertainment Secured Pre-Series A Funding With The Investment Of Gobi Partners and Warner Music Group

A Filipino gaming and esports entertainment startup, Tier One, has acquired huge investments from known companies and it happened during the company’s Pre-Series A funding round.

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The round was led by venture capital fund, Gobi Partners. They were also joined by record label Warner Music Group, Octava from Singapore, Kayak Inc. from Japan, and venture capital firm Atlas Ventures. The total amount invested into the company was not revealed. Through this venture, Tier One will have the power to set up local operations throughout several Asian countries. Also with the funds available, they plan to hire more back-end teams that will support their main talents, expand their esports operations in Blacklist International, and build their first content creation hub here in the Philippines.

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"As part of our preparations for our expansion, we decided to register our company in Singapore which is home to most HQs here in South East Asia. That decision has put us in a great position to acquire more foreign capital to fuel our growth. Finding capital in this part of the world isn't easy but we're very thankful to those who chose to believe in us and our business.We're fortunate to have found seed investors in Bitkraft from LA and Atlas from Singapore during our seed round and this time we're welcoming new partners from other parts of the world. On behalf of the company, I want to welcome our new partners Gobi (PH), Kayac (Japan), Octava(Singapore) and Warner Music (Hongkong)! Thank you so much for the trust and confidence in what we're doing. Cheers to the future! Looking forward to bringing the Tier One Brand to three more countries in 2021,"
- Tryke, the company's chief executive officer

The company was founded in 2017 by esports veteran Tryke Gutierrez, cosplay and gaming superstar Alodia Gosiengfiao, and lastly, the seasoned entrepreneur Brian Lim. Tier One was the first ever esports talent agency in Southeast Asia, aiding passionate gamers turn their talents into actual careers and also helping them connect with brands. Some of their current partners are Adidas, Uniqlo, Riot Games, Mountain Dew and Tik Tok. Currently, Tier One has talents in Singapore, Myanmar and Malaysia, aside here in the Philippines.

“We have come a long way since our first business meeting at my home in 2017. With the growth of mobile gaming, streaming and e-sports as an avenue for youth entertainment, we came up with the foresight to develop and house these talents by building our very own YG Entertainment of gaming,”
- Alodia

“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. In just a few years of operations, we've found a winning formula in esports and gaming by developing a robust business model around top tier content creation and authentic distribution,”
- Tryke, the company's chief executive officer

Carlo Delantar, a partner at Core Capital, praised the company for its vision and determination to thrive in the gaming industry.

“Tier One showed their resilience and agility through their meteoric rise in the industry. Not only did the team understand the complex space of esports and entertainment, Tier One continues to thrive by expanding its footprint across the region.”

As it looks, Tier One has a flourishing future ahead of them. So for people who will be eyeing Tier One to be their stepping stone to a gaming career and be part of the company, this is your chance. For Tier One, good luck to your future endeavors.
 
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