Hong Kong-based esports organization Talon Esports announced that it has completed a $2M USD seed financing round led by the Korean Hana Digital Transformation Fund. Other investors that participated in the investment include Widus Strategic Investments, New Wave Esports Corporation, Sprout Investments, EMC Capital, Animoca Brands, the Gavekal family, Sean Hung, United Esports founder Felix LaHaye, and various family offices and individuals.
The organization, which was founded in 2017 by Sean Zhang and Jarrold Tham, revealed that it will use investment proceeds to fund its expansion into new countries and game titles as well as explore lifestyle and fashion opportunities.
The organization’s League of Legends team signed a partnership with French soccer team Paris Saint-Germain Football Club prior to the Pacific Championship Series (PCS) Summer Split 2020 and rebranded to PSG Talon.
Following Rogue parent ReKTGlobal’s announcement of its $35M investment, Talon Esports is the second esports organization currently competing in Riot Games’ League of Legends World Championship to announce a financing round.