UK-based esports organisation Excel Esports has announced a new headquarters in London as well as just over USD 27 million in funding.
The organisation will open the new headquarters in Shoreditch, London, in July. The new office will serve as an addition to Excel Esports’ Twickenham Stadium training facilities and Berlin-based player training facilities, which will continue to be used by the organisation. Excel also has plans to launch its operations into other new territories.
The Shoreditch headquarters will act as a central hub to Excel’s business operations and will be used for talent streams, content production and community, partner and media events. It will also be home to its growing workforce, with key hires across its commercial, creative, content, marketing and operations departments.
The news comes as Excel secures just over USD 27 million in new equity capital. The financing round was led by investment firm JRJ Group, which first acquired a majority shareholding in 2018 alongside TOMS Capital LLC, the family office of Noam Gottesman.
With this new investment, Excel will look to grow its roster of current talent while finding more esports to expand into. The team is most well-known for its two professional League of Legends rosters in the LEC and NLC but also competes in Valorant and Fortnite.