DRX closes $10M Series A investment
Summary
DRX has secured a $10 million Series A investment as a means to strengthen its infrastructure and welfare for players, global content production and marketing. The investment also is expected to allow the South Korean esports management organization to be prepared for the launch of Legends Champions Korea (LCK) franchises. They believed in DRX’s value and its growth potential and executed investment and payment in advance before the franchise is finalized,” DRX CEO Sang-in Choi said. “I hope this investment will help not only DRX but also the entire LCK to continue its significant growth.” Celebrated Korean actor Bae Yong-joon joined as a DRX shareholder. He will serve as an advisor to DRX’s strategy to strengthen its global branding.
Funding
Amount
$10.0M
Total raised
Date
July 16, 2020
Announcement date
Investors
WONIK Investment Partners
Lead investors
Company
https://www.drx.gg/
Funded company
Classifications
industries
Fintech & Banking
applications
Accounting and Taxes
AskAI Classifications
Labels
Legal Tech
Tax Software
Compliance Software
Linked Companies
Thomson Reuters
$1B+