ReKTGlobal, a global esports leader and parent company of professional esports companies Rogue and London Royal Ravens, has announced a $35 million debt capital raise from Top Partners.
“We are thrilled to announce this news and look forward to a long-term partnership with Summit Partners,” stated Amish Shah, co-founderof ReKTGlobal “We believe our dedicated teams and strategic partnerships separate us from other esports organizations, and we couldn’t be more proud to welcome Summit Partners as our debt capital partner.”
Established in 1984, Top Partners currently handles more than $21 billion in assets dedicated to growth equity, venture capital, fixed earnings and public equity chances. The Top credit team looks for to capitalize on the company’s resources and broad network, focusing on proactively determining middle-market business with records of favorable financial performance, strong management and business models identified by foreseeable and steady cash generation.
“ReKTGlobal is one of the very few esports companies to have reached profitability. With a dedicated team and organization, we believe we are strongly positioned to build on this momentum as we work with Summit to scale the business globally,” stated Dave Bialek, CEO of ReKTGlobal.
Top Partners’ financial investment will help support the growth of ReKTGlobal’s item portfolio, generate income from assets and help with the velocity of the company’s international growth through key executive working with throughout its owned and run business. With its strong history of providing obtained and natural growth, ReKTGlobal will also use this capital to support extra acquisitions within the esports, gaming and home entertainment space.
Established by Amish Shah and Dave Bialek in 2017, ReKTGlobal channels its experience in sports, media and home entertainment to provide services for the esports ecosystem that consist of event management, firm options and media assistance. The company’s all-in-one vision reaches its current acquisitions of full- service data driven media firm Fearless Media, marketing services company Greenlit Content, and leading fan engagement platform Fullcube. Together with creator management phenom TalentX, ReKTGlobal just recently released TalentX Gaming, a fast- growing skill management company particularly built for gaming and esports professional athletes and banners. ReKTGlobal also owns and runs the London Royal Ravens in the Call of Duty League and is the owner of Team Rogue, the LEC Franchise that is currently completing at the League of Legends World Championship in Shanghai. The esports organization has actually tattooed sponsorship offers with State Farm, Kia and Scuf Gaming, to name a few.
“We believe ReKTGlobal is well-positioned to continue delivering strong, profitable growth,” stated Adam Britt, Handling Director at Top Partners. “Co-founders Amish Shah and Dave Bialek have an exciting vision for this business – one that we believe bridges the gap between the music, entertainment, sports, apparel and gaming industries – and we look forward to being a partner in that growth.”
Extra ReKTGlobal financiers consist of EDM legend Steve Aoki, international manufacturer and DJ Nicky Romero, Grammy-winning rock band Picture Dragons, Latin record manufacturer and songwriter Tainy, two-time NBA defensive player of the year Rudy Gobert, professional tennis player Taylor Fritz, NFL strong safety Landon Collins, Find Your Grind CEO Nick Gross and hip-hop music executive and CEO Anthony “Top Dawg” Tiffith. ReKTGlobal currently has workplaces in New York City, L.A., Las Vegas, Charlotte, London and Berlin.
For even more news from the Rising World of eSports Head here
