MUMBAI: Close on the heels of fantasy sports platform Dream11’s parent company Dream Sports raising $225 million in primary and secondary investment, Mobile Premier League (MPL) has reportedly closed $75 million in fresh financing led by SIG Global India Fund.
According to report in Entrackr, MPL has raised $34 million from SIG Global while Sequoia Capital and RTP Global have invested $11.5 and $12.5 million respectively in MPL’s holding company M League. GV Games has put in $9 million, followed by MDI Ventures and CE Ventures’ with $5 million and $2 million.
Adding this fresh financing round, which according to Entrackr values MPL at $340-350 million, the mobile eSports platform has raised over $110 million across three institutional rounds.
In April 2019, it had raised $35.5 million led by Sequoia Capital, Go Ventures and Times Internet. Other existing investors including Beenext, Bae Growth and PennBrook Capital also participated.
Founded in September 2018, MPL works with third-party developers and then publishes their game on the platform where users can participate in skill-based games including cricket, puzzles, chess and crossword to win cash prizes. According to the company, it has grown to over 60 plus games and 60 million users.
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