22 Sep 2020 Patrick

MPL Raises US$75M in Funding Round, Latest Big Gaming Investment News

MPL raises US$75M in funding drive

According to exclusive reports, Mobile Premier League (MPL) has raised US$75 million in new financing, led by private equity firm SIG Global India Fund.

According to Entrackr, MPL has now raised US$110 million in total across three institutional rounds, giving the company a value of between US$340-350 million.

Regulatory filings from Singapore show that in this round alone, MPL raised US$34 million from SIG Global with Sequoia Capital and RTP Global investing US$11.5 and US$12.5 million respectively in MPL's holding company M League. GV Games put in $9 million, with MDI Ventures and CE Ventures investing sums of US$5 million and US$2 million.

Existing investors, including Beenext, Bae Growth and PennBrook Capital also added new investment.

MPL rival Dream11 secured US$225 million in funding just last week from a mix of primary and secondary investment. Tiger Global Management, TPG Tech Adjacencies, Chrys Capital and FootPath Ventures all participated.

WinZo is another gaming firm to raise significant funds, approx. US$15.5 million, in a recent funding drive.

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