Thai esports startup Infofed has secured pre-Series A funding from Japanese gaming media GameWith. The funding will go towards Infofed’s expansion into the Southeast Asian esports market.
“There is a huge untapped potential for the eSports industry in Southeast Asia and the investment from GameWith will help us to establish a stronghold in this region by creating a proper eSports ecosystem for e-sports lovers. Having a leading game company like GameWith as our strategic partner, the roadmap to expand our footprint in Southeast Asia will be made easier and smarter. Following this round, we expect to roll out several eSports collaborations that will enhance our position as an industry leader, as well as create 10,000 industry-related jobs for the digital-savvy generation in this region by 2025,” Jirayod Theppipit, COO of Infofed said.
“The gaming industry in Southeast Asia has strong growth potential and Infofed, led by a strong management team, is well-positioned to further benefit from industry trends. We are excited about the company’s growth prospects and proud to have this opportunity to support the journey,” Takuya Imaizumi, COO of GameWith said.