eSports Junkie · Jul 5, 2021
EXCEL announces €20m through investments
British EXCEL ESPORTS has concluded an investment round in the value of €20m (~£17m) to finance the expansion and new headquarters of the company.
Investment firm JRJ Group conducted the round, first reported by Sky News. In 2018, TOMS Capital LLC purchased its majority interest in EXCEL.
The cash will be used to help the organisation enhance the infrastructure in accordance with a release released by EXCEL ESPORTS, including its London headquarters, the initiation of ‘operations in new regions,’ and the development of its XL.gg digital platform.