MPL Raises US$75M in Funding Round, Latest Big Gaming Investment News

According to exclusive reports, Mobile Premier League (MPL) has raised US$75 million in new financing, led by private equ♐ity firm SIG Global India Fund.

According to , MPL has now raised US$110 million in total across three institutional rounds, giving the company a value of between 🦩US$340-350 millio𒐪n.

Regulatory filings from Singapore show that in this round alone, MPL raised US$34 million from SIG Global with Sequoia Capital and RTP Global investing US$11.5 and US$12.5 mill🦩ion respectively in MPL's holding company M League. GV Games ♉put in $9 million, with MDI Ventures and CE Ventures investing sums of US$5 million and US$2 million.

Existing investors, including Beenext, Bae Growth an🐽d PennBrook Capital also added new investment.

MPL rival Dream11 secured US$225 million in funding just last week from a mix of primary and secondary inve💦stment. Tiger Global Management, TPG Tech Adjacencies, Chrys Capital and FootPath Ventures all participated.

WinZo is another gaming firm to raise significant ꦦfunds, apꦅprox. US$15.5 million, in a recent 🍸funding drive.