VSPN China $60M B Series Butcher TechCrunch, has recently announced that it secured a $60 million Series B investment from the venture capital firm, ButcherTech, and the media outlet, TechCrunch. This signifies VSPN’s expansion into the global market. In this article, we will discuss the details of this investment, the impact it has on VSPN, and its implications on the esports industry.
Overview of VSPN and ButcherTech
VSPN (Versus Programming Network) is the leading esports company in China. Founded in 2013, it has quickly become the largest esports company in Asia, with a presence in over 50 countries. VSPN produces and hosts various international esports events, such as the League of Legends World Championship and the Overwatch World Cup.
ButcherTech is a venture capital firm that specializes in investing in startups in the gaming and esports industries. It is headquartered in San Francisco and has invested in various gaming companies, such as Riot Games and Twitch. ButcherTech was established in 2015 and has since become one of the most active venture capital firms in the gaming and esports space.
TechCrunch Involvement in Series B Funding
TechCrunch is a leading technology media outlet that publishes news, reviews, and analysis on the latest technology trends. TechCrunch has become a major player in the venture capital and startup space, investing in companies such as Uber, Airbnb, and Dropbox.
TechCrunch partnered with ButcherTech to provide $60 million in Series B funding for VSPN’s expansion into the global market. This marks TechCrunch’s first investment in the esports sector and indicates its commitment to the growth and development of the industry.
Benefits of Series B Investment for VSPN
The Series B funding will enable VSPN to expand its presence in the global market, as well as provide capital for new projects and initiatives. VSPN will use the funds to create new esports leagues and tournaments, as well as to hire new talent and acquire new technology. This will allow VSPN to further solidify its position as the leading esports company in China and the broader Asian region.
Impact on the Esports Industry
The Series B funding for VSPN highlights the growing importance of the esports industry. Traditional venture capital firms, such as ButcherTech, and technology media outlets, such as TechCrunch, are now recognizing the potential of esports and investing in the sector. This will lead to increased investments in the industry and further growth of esports around the world.
VSPN China $60M B Series Butcher TechCrunch. This signifies VSPN’s expansion into the global market and will enable the company to further grow and develop. The investment also illustrates the increasing importance of the esports industry and its potential for growth.