Thailand-based virtual reality startup Infofed has received an undisclosed co-investment from Singapore venture capital fund KK Fund and Thai events marketing platform EventPop Shows.
Infofed will use the funding to strengthen its esports business and be a regional esports organizer.
It is currently preparing for the University E-Sports Championship (UEC) season 2 in Cambodia, Laos, Myanmar, Vietnam, and Thailand.
The event is following its first season launched in Thailand last month.
The startup wants to expand across more Southeast Asian countries for UEC’s third installment.
Infofed plans to develop eArena, an online esports competition platform that allows users to easily organize competitive games with players globally using a web application.