Vainglory creators Super Evil Megacorp have raised an additional US$19 million from its existing investors. They are also “doubling down” on their expansion and game development efforts. Previously, SEMC has raised $63 million to date from prominent investors, including Korea Investment Partners and The Raine Group.
This second round of funding will allow the company to continue developing its proprietary, console-grade, multi-platform E.V.I.L. engine, which is responsible for Vainglory’s stunning graphics and breathtaking visual effects. They have already doubled their office space and are expanding their teams.
The studio is currently focusing on bringing the much-anticipated 5v5 mode to Vainglory players, which they feel will “add to the strategic depth of the game and offer more to the already thriving Vainglory competitive community”. Their popular MOBA may not be the only title in the future – SEMC has hinted at bringing “future games to even bigger audiences around the world”.
In the two years since its launch in Singapore, Vainglory has shot straight to the top. SEMC claims that Vainglory is “the world’s biggest mobile esport” in the multiplayer online battle arena (MOBA) genre, with over 1 billion games played.
On a related note, Vainglory will return to Singapore for the 2017 Vainglory World Championships. This will be SEMC’s first major international competition in Southeast Asia – now a growing hotbed for mobile esports – and we’re expecting an exhilarating showcase for Vainglory esports later this year.
Last year, Vainglory experienced a wildly successful first year during its 2016 Vainglory World Championships, awarding the largest-ever prize pool of US$120,000 for a mobile esports event.
Top Image Credit: Super Evil Megacorp
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