VR startup nabs funding to leap into esports
Thailand-based virtual reality startup Infofed has received an undisclosed co-investment from Singapore venture capital fund KK Fund and Thai events marketing platform EventPop Shows.
Infofed will use the funding to strengthen its esports business and be a regional esports organizer.
It is currently preparing for the University E-Sports Championship (UEC) season 2 in Cambodia, Laos, Myanmar, Vietnam, and Thailand. The event is following its first season launched in Thailand last month.
The startup wants to expand across more Southeast Asian countries for UEC’s third installment.
It will also embrace virtual reality and augmented reality to create “new esports experiences”, which will complement its US$1.5 million Thailand E-Sports Arena facility in Bangkok.