Mobile Premier League breaks $2bn valuation following funding round
Asian operator sets sights on continued international expansion as it targets US growth
Asia’s largest daily fantasy sports (DFS) platform Mobile Premier League (MPL) has been valued at $2.3bn following a Series E round of funding.
The platform, which recorded waves of success in India and Indonesia, before launching in the US in June, has been handed a welcome boost from investors once again.
The latest fundraise was led by Legatum Capital, with existing investors including Sequoia, SIG, RTP Global and Play Ventures all participating in the round.
MPL said the fresh injection of capital would be used to finance its global expansion plans, invest in its in-house tech and drive growth in the Indian market.
Sai Srinivas, MPL CEO, said: “This investment is a recognition of the potential of the Indian gaming and esports industry and an endorsement of the capability of MPL to expand globally.
“Our US operations are off to a promising start and we’re thus fulfilling our resolve to make our platform the esports and gaming hub of the world,” he added.
Mark Stoleson, Legatum CEO, commented: “Legatum is delighted to have led this latest round of funding for MPL as it continues its incredible growth trajectory and becomes the world’s leading esports and skill gaming platform.”