# EVOS Esports Holdings

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/evos-esports-holdings

- Industry: Travel & Leisure
- Headquarters: Jakarta, Indonesia
- Website: www.evosesports.com
- Total disclosed funding: $19M
- Latest round: Series B (Apr 15, 2021)
- Investors on record: 13

## About

EVOS Esports Holdings is a prominent esports organization based in Jakarta, Indonesia, specializing in competitive gaming, team management, and creating engaging esports experiences.Founded in 2016 in Jakarta, Indonesia, EVOS Esports Holdings operates in the esports industry, focusing on team management and competitive gaming. The company has undergone strategic pivots to enhance its operational focus and global footprint. The founders Hartman Harris, Ivan Yeo, and Michael Wijaya have previously engaged in entrepreneurial ventures, contributing to the company's innovative approach. In April 2021, EVOS secured USD 14.80 mn in Series B funding, raising the total amount to USD 14.80 mn and valuing the company at USD 45.18 mn. The investment was led by Korea Investment Partners, with support from IndoGen Capital and several other investors.EVOS Esports Holdings primarily focuses on competitive esports, fielding professional teams in popular games. Their product offerings include esports tournaments, content creation, and community engagement initiatives designed to enhance participation in the gaming ecosystem. The organization serves a diverse audience, from casual gamers to professional players, fostering a vibrant community through events that combine entertainment and competition.In the most recent fiscal year, 2020, EVOS Esports Holdings reported a revenue of USD 405,089 with an EBITDA of USD -421,840. The company's revenue model encompasses sponsorships, merchandise sales, and ticket revenues from events, establishing a reliable cash flow to support its operations.Following the Series B funding round in April 2021, EVOS Esports Holdings plans to enhance its service offerings and expand into new markets in Southeast Asia, aiming for growth by 2023. The company intends to develop new esports titles and enhance its digital platform for community engagement. The recent funding will be allocated towards marketing efforts, team expansion, and infrastructure development to support these initiatives.

## Funding rounds

- Series B, Apr 15, 2021, $15M — Korea Investment Partners, Woowa Brothers Corp., Mirae Asset Venture Investment, PT Surya Semesta Internusa Tbk, IndoGen Capital, Insignia Ventures Partners, Telkomsel Mitra Inovasi, RW Services Pte Ltd, Mandiri Investment Management, Cloud Capital, Motoya United, Five Stones Investment Group
- Series A, Sep 11, 2019, $4.4M — Insignia Ventures Partners, Bali United Official

## Investors

- Insignia Ventures Partners (https://capitalatlas.ai/funds/insignia-ventures-partners) — Series A, Series B
- Bali United Official — Series A
- Korea Investment Partners (https://capitalatlas.ai/funds/korea-investment-partners) — Series B
- Woowa Brothers Corp. — Series B
- Mirae Asset Venture Investment (https://capitalatlas.ai/funds/mirae-asset-venture-investment) — Series B
- PT Surya Semesta Internusa Tbk — Series B
- IndoGen Capital (https://capitalatlas.ai/funds/indogen-capital) — Series B
- Telkomsel Mitra Inovasi (https://capitalatlas.ai/funds/telkomsel-mitra-inovasi) — Series B
- RW Services Pte Ltd — Series B
- Mandiri Investment Management (https://capitalatlas.ai/funds/mandiri-investment-management) — Series B
- Cloud Capital — Series B
- Motoya United — Series B
- Five Stones Investment Group (https://capitalatlas.ai/funds/five-stones-investment-group) — Series B